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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EUR/GBP Remains in Major Uptrend Above 0.8880

Key Highlights The Euro traded above the 0.9000 level recently before correcting lower against the British Pound. There is a crucial ascending channel in place with support at 0.8900 on the daily chart of GBP/USD. The Euro Area Gross Domestic Product for Q2 2018 (Prelim) posted a rise of 0.4% (QoQ), more than the forecast of 0.3%. Today, the UK Consumer Price Inde...
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EUR/GBP Approaching Crucial Break In Near Term

Key Highlights The Euro declined sharply versus the US Dollar, but held gains against the British Pound. There is a crucial contracting triangle forming with resistance at 0.8810 on the 4-hours chart of EUR/GBP. UK’s Consumer Price Index in April 2018 increased 0.4% (MoM), less than the forecast of +0.5%. Today in the UK, the Retail Sales report for Feb 2018 wil...
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Can USD/CAD Hold The 1.2700 Support Zone?

Key Highlights The US Dollar struggled to settle above 1.2900 against the Canadian Dollar and declined. There is a major bearish trend line in place with resistance at 1.2860 on the 4-hours chart of USD/CAD. Canada’s Wholesale Sales in March 2018 increased 1.1% (MoM), more than the forecast of 0.6%. Today in the US, the Manufacturing PMI for May 2018 (Prelim) wi...
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Can EUR/GBP Hold Gains Above 0.8680?

Key Highlights The Euro started a nice upside move from the 0.8620 low against the British Pound. The EUR/GBP pair is attempting an upside break above a crucial bearish trend line at 0.8695 on the 4-hours chart. The UK CPI in March 2018 increased 2.5% (YoY), less than the forecast of +2.7%. Today, the UK Retail Sales report for March 2018 will be released, which i...
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GBP/USD Could Correct Further Toward 1.4250

Key Highlights The British Pound faced a strong selling interest near the 1.4375 level against the US Dollar. There is a crucial bullish trend line in place with support at 1.4280 on the 4-hours chart of GBP/USD. The UK Claimant Change in March 2018 was 11.6K, more than the forecast of 5.0K. Today, the UK CPI report for March 2018 will be released, which is foreca...
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GBP/USD Downsides Remain Supported above 1.3950

Key Highlights The British Pound recently made a short-term top at 1.4080 against the US Dollar. There is a crucial bullish trend line in place with support at 1.3950 on the 4-hours chart of GBP/USD. The UK CPI in Feb 2018 increased 0.4%, less than the forecast of +0.5% (MoM). Today, the UK Claimant Count Change for Feb 2018 will be released, which is forecasted t...
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GBP/USD Remains Supported above 1.3750

Key Highlights The British Pound declined recently, but the 1.3760 support prevented further declines against the US Dollar. There is a major expanding triangle forming with support near 1.3680 on the 4-hours chart of EUR/USD. The UK Consumer Price Index increased 3% in Jan 2018, more than the forecast of 2.9% (YoY). In terms of the monthly change, there was a dec...
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GBP/JPY: British Pound Bullish above 151.50 Vs Japanese Yen

Key Highlights The British Pound traded higher from the 150.00-150.20 support area against the Japanese Yen. A bearish trend line with current resistance at 152.80 on the 4-hours chart of GBP/JPY is protecting gains. The pair must hold the 151.95 and 151.50 support levels to remain in the bullish zone. UK’s Consumer Price Index in Dec 2017 posted 3.0% (YoY), sim...
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GBP/USD in Crucial Uptrend, UK CPI Release Next

Key Highlights The British Pound made a solid upside move recently and traded above 1.3750 against the US Dollar. A break above a major bearish trend line with resistance at 1.3550 on the 4-hours chart of GBP/USD initiated a crucial uptrend. The pair may correct a few pips during the coming sessions, but it remains supported above 1.3600. Today’s UK Consumer Pri...
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