GBP/USD Upside Break Above 1.3100 Looks Real

Key Highlights The British Pound rallied recently after trading as low as 1.2960 against the US Dollar. A crucial bearish trend line was breached with resistance at 1.3120 on the 4-hours chart of GBP/USD. The US Retail Sales in Jan 2019 increased 0.2% (MoM), compared with the last decline of 1.6%. The US Consumer Price Index for Feb 2019 will be released today, wh...
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GBP/USD In Significant Downtrend Below 1.2800

Key Highlights The British Pound declined heavily and broke the 1.2660 support against the US Dollar. There are two important bearish trend lines formed with resistance near 1.2775 on the 4-hours chart of GBP/USD. The UK Industrial Production in Nov 2018 declined 0.6% (MoM), whereas the market was looking for a 0.1% rise. Today, the UK Claimant Count figure for No...
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GBP/JPY Could Gain Further, BOE’s Rate Decision Next

Key Highlights The British Pound found support near 147.00 and recovered sharply against the Japanese Yen. There was a break above a key bearish trend line with resistance at 148.20 on the 4-hour chart of GBP/JPY. Japan’s Current Account posted a trade surplus of ¥3,122.3B in March 2018, compared with the ¥3,009.2B forecast. Today, the BOE Interest Rate Decisi...
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USD/JPY – US Dollar Turning Bearish Vs Japanese Yen

Key Highlights The US Dollar failed to settle above 114.50-115.00 levels against the Japanese Yen and moved down. It seems like the USD/JPY broke a major triangle support at 113.85 on the 4-hours chart. The US Wholesale Inventories in Sep 2017 increased 0.3%, just as the market expected. Today, the Michigan Consumer Sentiment Index (Prelim) for Nov 2017 will be re...
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NZD/USD – New Zealand Dollar To Depreciate Further Vs US Dollar

Key Highlights The New Zealand Dollar started a major downtrend and settled below 0.7150 against the US Dollar. There is a crucial bearish trend line forming with resistance at 0.7100 on the 4-hours chart of NZD/USD. New Zealand’s Electronic Card Retail Sales in Sep 2017 increased 0.1% (MoM). Today in the US, the IBD/TIPP Economic Optimism Index for Oct 2017 wil...
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GBPUSD Signaling Bullish Continuation

Key Highlights British Pound rocketed higher against the US Dollar, as the UK Industrial Production report came above the forecast. UK Industrial Production released by the National Statistics registered a rise of 0.5% in March 2015, compared with the forecast of no change. UK Manufacturing Production also posted a higher reading, as it rose by 0.4%. UK Industrial Pr...
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