GBP/USD Showing Positive Signs Above 1.2300

Key Highlights The British Pound gained traction and broke the 1.2300 resistance area against the US Dollar. GBP/USD is facing resistance near 1.2400 and a trend line on the 4-hours chart.The UK Manufacturing Production in July 2019 increased 0.3% (MoM).The UK Claimant Count could change 29.3K in August 2019, less than the last 28.0K. GBP/USD Technical Analysis The Br...
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GBP/USD Rebound Reaching Crucial Juncture

Key Highlights The British Pound corrected higher and broke the 1.2850 resistance against the US Dollar. There is a crucial bearish trend line formed with resistance at 1.2970 on the 4-hours chart of GBP/USD. UK’s Rightmove House Price Index for Feb 2019 increased 0.2% (MoM), less than the last +0.4%. The UK Claimant Count figure for Feb 2019 will be released to...
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GBP/JPY Could Struggle To Surpass 143.50

Key Highlights The British Pound fell significantly and tested the 141.00 support area against the Japanese Yen. There are two key bearish trend lines formed with resistance near 143.40-50 on the 4-hours chart of GBP/JPY. The UK Claimant Count in Nov 2018 changed 21.9K, more than the 13.2K forecast. Today, the US Consumer Price Index for Nov 2018 will be released,...
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GBPJPY – More Gains Likely In British Pound Ahead of UK Labor Report

GBPJPY – More Gains Likely In British Pound Ahead of UK Labor Report Key Highlights The British Pound remained in an uptrend against the Japanese yen with support on the downside at 145.30. There is a monster bullish trend line formed on the 4-hours chart of GBPJPY, acting as a bullish trend supporter. Today in the UK, the Claimant Change figure will be released b...
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GBPJPY – British Pound Looking For Momentum Vs Yen

GBPJPY – British Pound Looking For Momentum Vs Yen Key Highlights The British Pound gained traction near 126.00 against the Japanese yen, and traded higher. There was a major triangle pattern on the 4-hours chart of GBPJPY, which is broken to clear the way for more upsides. Today, the UK Claimant Change figure will be released by the National Statistics, which is ...
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