The GBP/USD fell below 1.3600 during the overnight session, dropping more than 100 pips, but the drop was halted at the 100-day moving average (DMA). However, it forms a bearish-engulfing candle, implying a leg down before consolidating.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The combination of factors helped GBPJPY to buy on the downside around 155.00. Sterling’s early decline was limited by interest rate hike speculation from the Bank of England, which supported the currency. A… Continue reading GBP/JPY Forecast: Bulls Eying 156.00 in Wake of Hawkish BoE
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. As traders turn their attention to the Bank of England, the GBP/USD pair is at a crossroads on the charts. A recovery in the US dollar will pave the way for a significant… Continue reading GBP/USD Price Analysis: 1.35 to Cap Gains, Eying BoE Meeting
The EUR/GBP is trading at 0.8310, gaining support at 0.8300. On the 2-hour timeframe, the triple bottom pattern extends such support and a breakout below this level exposes the EUR/GBP price towards 0.8275 and even lower towards the 0.8245 level.
The GBP/USD price forecast is bearish under an immediate resistance level of 1.3400. The surge in US dollar demand has triggered a sell-off in the GBP/USD pair and now it’s heading below the 61.8% Fibonacci retracement level at the 1.3385 level.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. For the second consecutive day, GBP/USD falls as the new low is updated. A crazy Brexit deal and delays in Brexit negotiations over Northern Ireland will lead to the EU suing Britain. Sue… Continue reading GBP/USD Price Tumbling to 1.34 as Fed and UK politics Stir Bears
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. After deterioration in risk sentiment on Monday, GBP/USD fell more than 100 pips. The pound suffered from tensions in Eastern Europe, Fed tightening, and British political troubles. All eyes are on Fed now… Continue reading GBP/USD Forecast: Risk-off Sentiment Keeping Depressed Under 1.35
The EUR/GBP currency pair managed to trade bullish amid a series of positive economic events. The EUR/GBP hit an intra-day high above the 0.8385 level.
The GBP/USD pair closed at $1.3554 after hitting a high of $1.3604 and a low of $1.3544. The direct currency pair GBP/USD dropped for another session on Friday.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD bulls pause ahead of 1.3650 as USD buyers come back. Rising inflationary pressure may positively impact the pound. Fed’s meeting next week holds the key importance. The GBP/USD price forecast shows a… Continue reading GBP/USD Forecast: Rising Inflation, Weaker US Yields to Limit Losses
