Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD reversed an early gain to a weekly low on Tuesday by attracting bearish traders. A drop in the UK unemployment rate and the Bank of England’s rate hike bets have boosted sterling.… Continue reading GBP/USD Price Finds Support Below 1.3650, Vulnerable to Break 1.36
During an early European trading session, the EUR/GBP currency pair managed to extend its early-day winning streak. It hit an intra-day high above the $0.8350 level. The EUR/GBP currency pair has regained its upward momentum as market participants resume their risk-on strategy.
The GBP/USD price forecast remains bullish above the $1.3520 level. The day before, GBP/USD was closed at $1.3677 after placing a high of $1.3744 and a low of $1.3652.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. While the US dollar weakens, the GBP/USD is rising steadily. Several Fed officials have softened their tone in recent comments. US retail sales data will be the spotlight for the traders. In today’s… Continue reading GBP/USD Price Analysis: Bulls Pause Above 1.37 Ahead of US Retails
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 currency pair continues to rise towards 158.00. As a result of the UK administration’s failure to follow FDA regulations, Johnson bears the brunt of the blame. Traders will wait for the… Continue reading GBP/JPY Price Pauses Ahead of 158 amid Political Woe, Double Top
GBP/USD is trading slightly bearish at $1.3630 ahead of US inflation figures. The day before, GBP/USD closed at $1.3635 after hitting a high of $1.3637 and a low of $1.3561.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD pares losses, jumps back towards 1.3600 handle. UK economy seems to perform well, giving more optimism to the pound. After soft yields and better risk sentiment, traders are eying US CPI for… Continue reading GBP/USD Price Eying Breakout of 1.36 amid Soft Yields, Better Risk
The EUR/GBP is trading at 0.8340, having formed a descending triangle pattern on the 4-hour chart. The pattern is extending resistance at 0.8375 along with support at 0.8335. A break below the 0.8335 level exposes the EUR/GBP price toward the 0.8300 level.
The GBP/USD price forecast remains bullish above the 1.3525 support level, and a break above 1.3600 will trigger a further uptrend in the market. The GBP/USD closed at $1.3583 after setting a high of $1.3598 and a low of $1.3527.
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 continued to rise overnight from below 1.3500 levels, showing positive momentum. A positive risk tone and lower US bond yields undermined the safe dollar and supported it. Investors seem to… Continue reading GBP/USD Forecast: Clinging to mid-1.35 as Traders Eye US NFP
