The EUR/GBP price forecast remains bullish as it’s heading north, traveling over 60 pips to trade at the 0.8449 level. On the bullish side, the EUR/GBP pair may find a strong resistance near the 0.8456 level.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD saw intraday selling on Tuesday followed by renewed strong bullish momentum. The Fed’s hawkish expectations of rising US bond yields continued to be a tailwind for the dollar. The positive risk sentiment… Continue reading GBP/USD Price Analysis: Bulls Dominate Above 1.31 as USD Softens
The GBP/USD plunged below 1.3200 after disappointing UK retail sales data. It continued to fall toward 1.3150 in the European session amid a negative shift in risk sentiment.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. On Thursday, the GBP/USD fell for the second straight day amid a slight dollar strengthening. The Fed’s dovish outlook and the Russian-Ukrainian crisis boosted the dollar’s performance. Despite the NATO meeting, UK PMI,… Continue reading GBP/USD Price Playing with 1.3200, Awaits PMI Data and Risk Catalysts
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The GBP/JPY is taking bids to renew multi-day highs and exits a 3-day uptrend. Ten-year and two-year Treasury yields rose to their highest levels since May 2019. The market’s sentiment deteriorates following mixed… Continue reading GBP/JPY Outlook: Bulls Hit 158 as the Soaring Yields Weigh on JPY
The EUR/GBP price forecast remains bearish, as it’s trading at the 0.8365 level. The cross pair has already completed a 23.6% Fibonacci correction, and now it’s heading south for the next support level.
The GBP/USD price forecast remains bullish above the 50 days EMA level of 1.3110 level. The pair continued on the defensive as the North American session began and was last seen trading near the daily low, around 1.3120.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The GBP/USD nears 1.3200 after the Fed announcement weakens DXY. The Bank of England will raise interest rates for the third consecutive month. These dynamics have fueled demand for risk assets. The GBP/USD… Continue reading GBP/USD Forecast: Eying 1.3200 Breakout After Fed, Awaits BoE
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The GBP/USD pair recovered slightly from its lowest level since November 2020, 1.3000. An uptick in UK employment data and dollar-denominated sale activity support the positive trend. Before FOMC/BoE meetings, bulls stayed away… Continue reading GBP/USD Price Struggling Above 1.30, Eying Fed, BoE
The GBP/USD price forecast remained bearish as the pair managed to extend its early-day modest upward rally.
