Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Dollar strength, sparked by the Hawkish FOMC protocol, pushed GBP/USD down from nearly two-month highs. In addition to strengthening the dollar’s safe-haven status, risk aversion also fueled the sale of the US dollar.… Continue reading GBP/USD Outlook: Bulls Retreat from 4-Month Top After Hawkish FOMC
On Wednesday, the GBP/USD is trading with a strong bullish bias at 1.3552 level ahead of US FOMC Meeting Minutes. The day before, GBP/USD was closed at $1.3532 after placing a high of $1.3558 and a low of $1.3458. GBP/USD reversed its course on Tuesday and turned green to recover all of its previous session’s loss.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Despite rebounding from intraday lows, GBP/USD remains under pressure for a second consecutive day. Due to the increase in cases and the spread of infections in the United States, British Prime Minister Johnson… Continue reading GBP/USD Price Regains to 1.35, Capped by Omicron and Brexit
The EUR/GBP is trading at 0.8405, having violated the downward channel pattern at 0.8380. Thus, the resistance level has flipped to support. Therefore, the EUR/GBP pair will probably major support at the 0.8380 level. In the 4-hour timeframe, the EUR/GBP pair’s significant resistance stays at the 0.8420 level.
The direct currency pair GBP/USD closed at $1.3530 after placing a high of $1.3551 and a low of $1.3465. The direct currency pair GBP/USD continued its bullish rally for the 3rd consecutive session and peaked on 10th November.
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 has rebounded from a multi-day high, and bulls take a short break after a two-day uptrend. London undermined confidence, said Shefkovic of the UK. Virus infections have reached record levels… Continue reading GBP/USD Price Analysis: Soft Yields and Brexit Supporting Bids at 1.35
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD surges to its highest level since November 19th after experiencing the biggest daily rise in a week. Prime Minister Johnson pushed for a further decline in activity despite record rates of Coronavirus… Continue reading GBP/USD Forecast: Weaker USD Pushes Pound to 6-Week Top at 1.35
On Wednesday, the GBP/USD price forecast remains neutral as the pair is tossing in a narrow range of 1.3460 to 1.3385. The day before, the GBP/USD was closed at $1.3434 after placing a high of $1.3463 and a low of $1.3414.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. After renewing its multi-day high, GBP/USD has been hovering. A reduction in the number of virus cases in the UK and the government’s commitment not to impose new restrictions in 2021 were favored… Continue reading GBP/USD Price Positive Around 1.3450 amid Brexit, Covid Optimism
The EUR/GBP price forecast remains bearish as the pair has violated the symmetrical triangle pattern at the 0.8466 level. The day before, the EUR/GBP was moving under pressure mainly because of the rising risk appetite in the market.
