GBP/USD Eyeing Upside Break, UK’s Jobs Report Next

Key Highlights The British Pound found support near 1.2900 and recovered against the US Dollar. There is a major bullish trend line formed with support at 1.2840 on the 4-hour chart of GBP/USD. The UK Gross Domestic Product in July 2018 increased 0.3% (MoM), more than the 0.2% forecast. Today, the UK Claimant Count Change for August 2018 will be released, which is...
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Can USD/JPY Make it This Time?

Key Highlights The US Dollar is once again approaching towards a major resistance near 113.75-114.00. On the downside, there is a key bullish trend line forming with support at 113.20 on the 4-hours chart of USD/JPY. A break and 4-hour close above 114.00 could open the doors for more upsides. The third estimate of the US GDP came in at +3.2%, less than the forecas...
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NZDUSD – Can New Zealand Dollar Hold 100 SMA Vs USD?

Key Highlights The New Zealand Dollar recovered well from 0.6880 against the US Dollar, and now facing resistance near 0.7080. The NZDUSD pair recently failed to break a bearish trend line with resistance at 0.7060 on the 4-hours chart. The New Zealand Building Permits for Feb 2017 (MoM) released by the Statistics New Zealand posted a rise of 14%. Today, the US Pe...
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GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next

GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next Key Highlights The British Pound recovered recently to trade above 1.2150 against the US Dollar. There is a crucial resistance formed near 1.2220-40, as a couple of bearish trend lines are positioned. Today, the UK preliminary Gross Domestic Product will be released by the National Statistics, which is forec...
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GBPUSD – British Pound Can Continue Trading Higher?

GBPUSD – British Pound Can Continue Trading Higher? Key Highlights             British Pound failed around the 1.4450 level against the US Dollar and started to move down once again. There are many support levels on the way down for the GBPUSD pair, which can act as a hurdle for the sellers. In the UK, the GfK Group Consumer Confidence was released, whic...
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GBPUSD Down and Out; Hits 7-year Low

GBPUSD Down and Out; Hits 7-year Low Key Highlights             British Pound continued to trade down, and created a new 7-year low against the US dollar. GBPUSD broke the 1.40 level and it looks like set for more losses in the near term. All the tension and drama in the UK and the Euro Zone regarding the Brexit ignited a solid downside reaction in the Bri...
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EURGBP – Critical Break Noted; More Upsides Ahead?

EURGBP – Critical Break Noted; More Upsides Ahead? Key Highlights             Euro managed to gain traction against the British Pound and traded above a major resistance area. There was a contracting triangle on the hourly chart, which was broken during the upside move. Today, the UK Gross Domestic Product will be released by the National Statistics, whi...
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GBPUSD Poised for Declines Unless Greece Stays in Euro Zone

Key Highlights British Pound after surging higher declined, and looks set for more losses in the near term. UK Gross Domestic Product released by the National Statistics registered an increase of 0.4% in the first quarter of 2015, compared to the preceding quarter. UK Index of Services registered a gain of 0.5% whereas the forecast was 0.4%. UK Total Business Investme...
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