GBP/USD Breaks Key Resistance But Can It Continue Higher?

Key Highlights The British Pound started a decent recovery above 1.2850 against the US Dollar.GBP/USD surpassed a key bearish trend line at 1.2835 on the 4-hours chart.UK’s GDP grew 0.3% in Q3 2019 (Preliminary) (QoQ), better than the last -0.2%.UK’s Claimant Count could change 20.0K in Oct 2019, less than the last 21.1K. GBP/USD Technical Analysis After a sharp d...
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GBP/USD Correcting Gains But Remains Well Supported

Key Highlights GBP/USD started a downside correction from the 1.2700 resistance. There are many supports near the 1.2500 and 1.2420 levels.The UK Claimant Count could change 27.9K in Sep 2019, less than the last 28.2K.EUR/USD is holding an important support area near the 1.1000 level. GBP/USD Technical Analysis This past week, there was a sharp increase in the British...
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GBP/USD Rebound Could Fail Near 1.2150 or 1.2200

Key Highlights The British Pound recovered from a new 2-year low at 1.2014 against the US Dollar. GBP/USD is likely to face a strong selling interest near 1.2150 or 1.2200.The UK Claimant count could change 22.8K in July 2019, less than the last 38.0K.EUR/USD remained well bid and supported above the 1.1150 area. GBP/USD Technical Analysis In the past few days, the Br...
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GBP/JPY Nosedives, Decline Could Extend To 132.00

Key Highlights The British Pound declined sharply after it broke the 135.20 support against the Japanese Yen. A crucial resistance is forming near 135.00 and a bearish trend line on the 4-hours of GBP/JPY.The UK Claimant Count changed 38.0K in June 2019, whereas the market was looking for 22.8K.The UK Consumer Price Index in June 2019 could rise 2% (YoY), similar to the las...
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GBP/USD Recovery Approaching Key Juncture

Key Highlights The British Pound recovered recently after trading as low as 1.2439 against the US Dollar. GBP/USD is now struggling below the 1.2580 resistance and a bearish trend line on the 4-hours.The NY Empire State Manufacturing Index increased from -8.6 to 4.3 in July 2019.The UK Claimant count in June 2019 could change by 18.9K, less than the last 23.2K. GBPUSD Te...
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GBP/USD Could Start Strong Rebound In Near Term

Key Highlights The British Pound found support near 1.2560 and rebounded recently against the US Dollar. GBP/USD broke a major bearish trend line with resistance at 1.2675 on the 4-hours chart.The UK Industrial Production in April 2019 declined 2.7%, whereas the forecast was +0.1%.The UK Claimant Count in May 2019 could change 22.9K, less than the last 24.7K. GBPUSD Tech...
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GBP/USD Trading Near Make-or-Break Support

Key Highlights The British Pound declined recently below the 1.3050 support against the US Dollar.A key bullish trend line is forming with support at 1.2948 on the 4-hours chart of GBP/USD.There are many resistances on the upside near 1.2975, 1.3020, 1.3050 and 1.3060.The UK Claimant Count in April 2019 could change 24.2K, less than the last 28.3K. GBPUSD Technical Analy...
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GBP/JPY Remains Supported On Dips Near 145.60

Key Highlights The British Pound traded higher recently and tested 147.00 against the Japanese Yen.GBP/JPY surpassed two key bearish trend lines near 145.90 on the 4-hours chart.The UK Claimant Count in March 2019 changed 28.3K, more than the 20.0K forecast.The UK Consumer Price Index in March 2019 (YoY) could increase 2.0%. GBPJPY Technical Analysis The British Pound...
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GBP/USD Remains In Uptrend Above 1.3000

Key Highlights The British Pound remains well supported above the key 1.3000 support against the US Dollar.A major bullish trend line is in place with support at 1.3040 on the daily chart of GBP/USD.The NY Empire State Manufacturing Index in April 2019 increased from 3.7 to 10.1.The UK Claimant Count in Feb 2019 could change 20K, less than the last 27K. GBPUSD Technical ...
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GBP/USD Remains In Uptrend Above 1.3120

Key Highlights The British Pound climbed to 1.3380 before correcting lower against the US Dollar. A major bullish trend line is formed with support at 1.3060 on the 4-hours chart of GBP/USD. The UK Rightmove House Price Index increased 0.4% in Feb 2019 (MoM), less than the last +0.7%. The UK Claimant Count for Feb 2019 will be released today, which could change by...
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