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Bearish: GBP/USD are currently at 1.2559 in the channel. If we can break the support here, we are looking for a continuation to the 0.618 Fibo at 1.2522 with the overall target the...
Bearish: GBP/USD is currently at 139.42 in the channel. If we can break the triangle here, we are looking for a continuation to the 1.000 Fibo/ATR target at 138.78 with an overall target the...
GBPUSD had been in a downside correction after peaking at the one-year high of 1.2678 on May 10. However, the pair retraced back higher when it found support at the long-term ascending trendline,...
Despite a quiet economic calendar to start the week, GBP/USD has seen some volatile price action on the back of the US Services PMI report. GBP/USD continues to find support at the bottom of its...
So far this year, the GBP/USD has made significant progress to the upside and the reason was firstly weak USD as speculators thought that FED is nearing the end of a hiking cycle, and of course strong...
UK headline inflation falls but the core rate jumps US debt ceiling impasse continues, boosting US dollar GBP/USD is down for a third straight day, trading at 1.2374, down 0.33%. Earlier, GBP/USD...
Another release of UK consumer inflation well above expectations has failed to take the issue off the country's agenda.The report for April showed a 1.2% rise in consumer prices, compared to the 0.8%...
GBPUSD is moving with weak momentum within the 20- and the 50-day simple moving averages (SMAs), indicating that a sideways move may be on the cards in the short-term timeframe. The recent outlook is...
The US dollar has strengthened against its major rivals over the past two weeks, gaining 2% against a basket of major currencies. The Dollar Index surpassed 103, a level not seen since the second half...
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