GBP/USD 2016-08-19

  British Pound managed to hold uptrend movement after the drop correction yesterday where managed to break above 1.3105 and facing now resistance 1.3175 after better than expected UK Retail sales.

Date of publication: Fri, Aug 19 2016 06:15 GMT+4 Read more
GBP/USD 2016-08-15

  The pound is under pressure as the BoE relaunched its quantitative easing program.

Date of publication: Mon, Aug 15 2016 08:52 GMT+4 Read more
GBP/USD 2016-08-12

  The Sterling was unable to maintain trade above 1.30 yesterday, but, as expected, managed to find support around the 1.2950 mark. Even though the weekly S1 and the Bollinger band keep providing immediate support, risks are still skewed to the downside. A number of US fundamentals later today could provide the impetus for another leg down, however, a rally is also possible. Technical indicators somewhat support this outlook, as they are no longer giving bearish signals in the daily timeframe. The 1.3050 is likely to be the ceiling in case of a bullish development, while the nearest resistance rests only around 1.3160.

Date of publication: Fri, Aug 12 2016 08:25 GMT+4 Read more
GBP/USD 2016-08-10

  British Pound managed to hold downtrend wave as market sustain trades below resistance (1.3200) as we advised last week.

Date of publication: Wed, Aug 10 2016 06:52 GMT+4 Read more
GBP/USD 2016-08-04
  The pound weakened following the Services PMI which met the traders’ expectations.
Date of publication: Thu, Aug 04 2016 07:19 GMT+4 Read more
GBP/USD 2016-08-01

  Amid weak US GDP figures the Cable was able to edge higher on Friday, completely erasing all intraweek losses. The GBP/USD pair is expected to continue climbing up today, despite technical indicators retaining bearish signals both in the daily and the weekly timeframes. The pair is now supported by a strong cluster around 1.3170, represented by the 20-day SMA, the weekly and the monthly PPs, which is likely to prompt the exchange rate to eventually retake the 1.33 major level. However, we should not rule out the possibility of the Pound sustaining a minor loss of approximately 30 pips.

Date of publication: Mon, Aug 01 2016 09:32 GMT+4 Read more
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