GBP/USD

GBP/USD: Next Target 1.23000 on BoE Interest Rate Bets despite Banking Crisis

GBP/USD Fundamental Analysis GBP/USD is trading at 1.2225, up 0.42% over the past 24 hours. The currency pair increased because of speculations that the BoE will raise interest rates this week. Fed meeting in focus Markets recently bet that the Federal Reserve (Fed) will tone down its hawkish stance to stop additional economic pressure from …

GBP/USD: Next Target 1.23000 on BoE Interest Rate Bets despite Banking Crisis Read More »

GBP/USD will have to fall to the 1.19550 level to regain Upside Potential

GBP/USD Technical Analysis The Technical Analysis of the H4 chart of the GBP/USD currency pair shows that after reaching the 1.22000 level, the pair faced massive resistance. It was the point where GBP/USD lost its upside momentum. The break below the ascending trendline is also confirming this possibility. Right now, the price of GBP/USD is …

GBP/USD will have to fall to the 1.19550 level to regain Upside Potential Read More »

GBP/USD moved past 100-SMA and 1.19000 level– will it reverse or continue to rise?

GBP/USD Technical Analysis The H4 Chart of GBP/USD shows that the currency pair has just crossed above the upper line of the descending channel and 100-Day Simple Moving Average. However, the upper band of Bollinger bands right above the 100-Day SMA is also limiting the upside pressure. Any break to the upper band of Bollinger …

GBP/USD moved past 100-SMA and 1.19000 level– will it reverse or continue to rise? Read More »

Be sure you put your feet in the right place, then stand firm.

Abraham Lincoln