Key Points: The Technical outlook of the H4 chart of the GBP/USD currency pair suggests that the market participants are awaiting any signal confirmation. The sterling pair has dropped below the ascending channel it has been following for over a month. This could mean that a reversal or correction is on its way to drag …
GBP/USD facing resistance at 1.24552; will it break toward 1.26700? Read More »
Today is a calm beginning to the week for GBP, with the spotlight on the BOE Gov Bailey Speaks. The GBP/USD pair gained momentum early in the European morning after a calm Asian session on Monday as the Dollar steadied due to increased banking confidence. However, the technical analysis shows that the forex pair might …
GBP/USD could see selling pressure in American Session Read More »
Today is an active day for GBP, with a focus on the BoE interest rate decision. Following yesterday’s shockingly high UK CPI reading, a solid justification exists for another raise from the BoE. Key Takeaways: Dovish Fed added in the gains of GBP/USD The Federal Reserve increased its benchmark funds rate by 25 basis points …
GBP/USD – Eyes on BoE Rate Hike following strong UK CPI data Read More »
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 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 Fundamentals and news GBP/USD is trading at 1.2196, up by 0.12% in a day. The currency pair gained momentum after data showed strong labor market data in the UK and inflation in the US slowed in February. Stronger than Expected UK Labor Market data helped GBP/USD In the United Kingdom, Jobless claims have declined …
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 »
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Abraham Lincoln
