GBPUSD is forming a cycle bottom at 1.4784 level on daily chart. Key resistance is at the falling trend line, a clear break above this trend line resistance will confirm the cycle bottom, then further rally could...
GBP/USD Open 1.5064 High 1.5120 Low 1.4947 Close 1.5060Pound/Dollar rose on Thursday although Interbank sentiment remained bearish at around -2%. The Cable increased from 1.4947 to 1.5085, closing the day at 1.5060. Today the Cable recovered to...
GBP/USD Open 1.4965 High 1.5016 Low 1.4877 Close 1.4976Pound/Dollar continued decreasing on Wednesday as Manufacturing production data was worse than expected. The Cable descended to 1.4877, from where it climbed up to 1.4993, closing the day at...
GBP/USD Open 1.5013 High 1.5196 Low 1.4975 Close 1.4995Pound/Dollar slipped bellow 1.5 on Tuesday on Goods trade data. The Cable dropped down to to 1.4938, from where it corrected up to 1.5015, closing the day at 1.4995....
GBP/USD Open 1.5040 High 1.5196 Low 1.4975 Close 1.5063Pound/Dollar descended insignificantly on Monday, as sentiment remains unclear, and risk investors are looking for incoming data to point direction. The Cable rose to 1.5193, from where it started...
GBP/USD Open 1.5149 High 1.5196 Low 1.5011 Close 1.5132Pound/Dollar traded with a slight decrease on Friday till the NFP and the Unemployment report, after which Cable rose sharply to 1.5161, closing the week at 1.5132. There are...
GBPUSD stays below a falling trend line on daily chart and remains in downtrend from 1.6456. As long as the trend line resistance holds, downtrend could be expected to continue and deeper decline to 1.4600 area is...
GBP/USD Open 1.5030 High 1.5132 Low 1.4863 Close 1.5032Pound/Dollar traded hesitantly on Thursday within the 1.5012 – 1.5124 range, closing the day at 1.5032. Today at 9:30 are the PPI and Halifax housing. As quotes are still...
GBP/USD Open 1.5099 High 1.5132 Low 1.4863 Close 1.5098Pound/Dollar followed the Euro upwards on Wednesday, as Dollar weakened across the board, climbing from 1.4981 to 1.5132, closing the day at 1.5098. Today at 11:00 is the BOE...
GBP/USD Open 1.5020 High 1.5076 Low 1.4863 Close 1.4970Pound/Dollar traded hesitantly on Tuesday within the 1.4863 – 1.5032 range, closing the day at 1.4970. Today at 9:30 is the CIPS services, and BOE meeting begins. On the...
