GBPUSD – Important Break ahead of Fed?

GBPUSD – Important Break ahead of Fed? Key Highlights             British Pound traded lower against the US Dollar and broke a major support trend line on the hourly chart. Can this be considered as an important break just ahead of the fed interest rate decision? The GBPUSD pair traded as low as 1.5030, and currently struggling to hold the ground. US T...
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GBPUSD – Pound Remains Under Pressure against US Dollar

GBPUSD – Pound Remains Under Pressure against US Dollar Key Highlights             The British Pound managed to trade higher against the US Dollar, but it is facing a major resistance around 1.5240-60. There are a couple of bearish trend lines formed on the hourly chart of the GBPUSD pair, acting as a hurdle. In the UK today, the Consumer Price Index wil...
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The EURGBP Remains in Clear Downtrend under Pressure

Key Highlights Euro continued to weaken not only against the US Dollar, but also currencies such as the British Pound. EURGBP is under pressure and remains at risk of more declines in the near term. Today, the UK Construction PMI will be released by the Chartered Institute of Purchasing & Supply and Markit Economics, which might impact the EURGBP pair. In Japan, t...
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GBPUSD Sinks as Buyers Unimpressed by UK GDP

Key Highlights British Pound continued to weaken against the US Dollar, and traded lower towards 1.5300. In the UK, the Gross Domestic Product released by the National Statistics posted an increase of 2.4% in the first quarter of 2015, compared to the same quarter of 2014. In terms of the quarterly change, the UK GBP grew by 0.3%, lower compared with the forecast of 0.4...
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GBPJPY Testing Critical Support Area

Key Highlights British pound surged higher against the Japanese yen, but stalled around 178.00 area. GBPJPY is correcting lower, and approaching a monster support area where buyers might appear. Japanese Consumer Confidence released by the Cabinet Office posted a minor increase from the last reading of 40.9 to 41.7 in March 2015. Japanese Consumer Confidence Earli...
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EURGBP at Make it or Break Levels

Key Highlights Euro’s slide against the British pound gained pace as sellers managed to take it lower. EURGBP tested the 0.7200 support area where buyers just managed to protect the downside. Today, in the Euro zone the Portugal Consumer Price Index was released by Statistics Portugal, which posted a rise of 1.9% in March 2015, compared to the preceding month. Tech...
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GBPUSD Eyes BOE For A Break

Key Highlights British pound climbed higher recently against the US dollar, but failed around an important resistance area. In the UK, the BOE Interest Rate Decision will be announced by the Bank of England, which might cause heavy movements in GBPUSD. GBPUSD is forming a breakout pattern with support at 1.4850 and resistance ahead at 1.4950. Technical Analysis Th...
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GBPUSD at Potentially Significant Turning Point with RSI

Key Highlights British pound tumbled this past week against the US dollar, as the latter one gained strength. Later, the GBPUSD pair managed to recover ground after finding buyers around 1.4600-40. Today, the CBI Industrial Trends Survey will be released by the Confederation of British Industry in the UK, which is expected to decline from 10 to 9. Technical Analysis ...
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EU Facing Uphill Task, EUR Moves Lower Against USD And GBP

Key Highlights Euro continued to move lower against the US dollar and the British pound as sellers gain control. In the UK, the Rightmove House Price was released, which posted an increase of 1% in March 2015. EURGBP found support around the 0.7000 handle recently, but facing an important resistance on the upside. UK Rightmove House Price Earlier today, the UK Rig...
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GBP Eying Claimant Change and Unemployment Report For Break

Key Highlights British pound trades in the positive territory ahead of a major release in the UK. UK Claimant Change and Unemployment rate report will be released by the National Statistics today, which might cause swing moves in GBPUSD. The minutes of the BoE MPC meetings will also be published, which is another high-risk event. GBPCHF pair is heading towards an impo...
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