GBP/JPY Could Continue Higher Towards 149.50

Key Highlights The British Pound recovered recently and moved above the 146.50 resistance against the Japanese Yen. There was a break above two bearish trend lines with resistance at 145.60 and 146.90 on the 4-hours chart of GBP/JPY. The UK BRC Like-For-Like Retail Sales in Oct 2018 increased 1.3% (YoY). Today, the UK Halifax House Price Index for Oct 2018 will be...
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GBP/USD Could Recover from Oversold Conditions

Key Highlights The British Pound declined sharply during the past few days and broke the 1.3700 support against the US Dollar. There is a key bearish trend line forming with resistance at 1.3650 on the 4-hour chart of GBP/USD. The Euro Zone Sentix investor Confidence Index for May 2018 declined from 19.6 to 19.2. Today, UK’s Halifax House Price Index for April 2...
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GBP/USD: Cable Could Retest 1.4200?

Key Highlights The British Pound found a strong support at 1.3965 and recovered against the US Dollar. There was a break above a bearish trend line with resistance at 1.4080 on the 4-hours chart of GBP/USD. The UK Halifax House Price Index in March 2018 increased 1.5% (MoM), more than the forecast of 0.2%. The UK British Retail Consortium (BRC) Like-For-Like Retai...
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EURGBP – Euro Remains In Uptrend Vs British Pound

EURGBP – Euro Remains In Uptrend Vs British Pound Key Highlights             Euro traded higher against the British pound and gained heavily recently to trade above 0.8020. There is a bullish trend line formed on the hourly chart of the EURGBP pair, which is acting as a monster support and pushing the pair higher. Today, in the Euro Zone, the ECB Moneta...
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