GBP USD TECHNICAL ANALYSIS GBP/USD accelerated to as high as 1.3514 last week after election-The pound has pushed the rise to record its best level since May 2018 following the result, But important questions remain unanswered – UK-Europe trade talks route remains a major unknown factor for now Possible Correction to the Downside should be contained above 1.3160 support to…
GBP USD TECHNICAL ANALYSIS The dollar slumped as markets expressed disapproval of the White House on the U.S.-China trade talks and a U.S. decision to hit French and Brazil exports with new tariffs this stage enabled the Pound-to-Dollar rate to again test a key resistance 1.30 level on the chart- what next: voting intentions ahead of the December 12 general…
GBP USD TECHNICAL ANALYSIS The pound jump above 1.33 price area since august last year extends on optimism that the risk of no-deal Brexit is fading. The pound continues to look for direction in line with talk of approving or canceling the upcoming Brexit Brexit time votes March 12 – Meaningful vote on a new Brexit deal. March 13 – …
GBP USD TECHNICAL ANALYSIS The pound showed signs of support last week after it went down most of the week, and on Friday it turned – that’s a positive sign. The market may be trying to find a solid reason, but there is much news from the UK regarding the Brexit transaction to confirm or reverse the continuation of the…
GBP USD TECHNICAL ANALYSIS The Pound cross down 1.3020 level but recover and continues to keep prices above the 1.30 level, last week the sterling went down till 1.2920 price level and closed the week gaining above 1.30on 1.3117 ,Reuters posted a piece regarding comments from an unnamed EU diplomat saying that the EU and Britain are very close to…
GBP USD TECHNICAL ANALYSIS The Pound continues to keep prices above the 1.30 level but will it continue?Today we have the US interest rate announcement – an important figure in itself that will affect the entire Forex market and probably the pound,other than that the main driver of Sterling’s recovery is a more promising outlook for Brexit negotiations: even though…
GBP USD TECHNICAL ANALYSIS GBP USD rallied against the dollar and reached higher level since August after EU negotiators were said to the Brexit agreement try to make it more palatable to the Britain side. from the other side, the pound has been buffeted by Brexit headlines in recent sessions, oscillating between gains and losses in volatile trading as investors…
GBP USD TECHNICAL ANALYSIS Long-term chart is showing to us that As long as GBP USD will stay above 1.360+_ Key support the trend is up – it’s not the case right now!Below 1.3170 price area, it could bring larger down trend resumption, while we have first to meet 1.3080. On the downside, break of 1.2840 support will indicate short-term…
GBP USD TECHNICAL ANALYSIS GBP USD jumps sharply above the last record on 25.1.2018 barrier boosted by expectations that the Bank of England will raise interest rates and positive vibes from Brexit negotiations Technical analysis:Long-term chart is showing to us that As long as GBP USD will stay above 1.360+_ Key support the trend is up, the medium-term outlook in…
GBP USD ANALYSIS GBP USD jumps sharply and broke above 1.40 barrier on news that Brexit transition deal is agreed, Its a Busy week for the British pound: cpi , rate decision , Brexit talksThe legal text of the agreement is expected to be delivered to the EU summit on Thursday and Friday for final ,the date for the transition…