Trading activities witnessed the impact of Britain's cooling inflation on the pound's performance against the dollar. This is the pound's biggest one-day fall since March, coinciding with a plunge in British government bond yields as inflation slows to 7.9% in June. As the prospect of a sustained rise in the Bank of England base rate diminishes, traders are now...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
In the previous week, the growth of the Pound Sterling unfolded before our eyes, defying the weight of higher interest rates imposed by the Bank of England (BoE) on households in the United Kingdom. Despite this burden, prices surged and fearlessly tested the psychological resistance level of 1.28500 for the third consecutive week. Furthermore, the Pound...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The Pound Sterling experienced a notable rise of 2.16% to reach 1.27 during the month of June. Despite the relatively weak first-quarter gross domestic product growth of just 0.1%, the sterling showed potential for a continuation of its upward trend. Interestingly, traders have been factoring in additional rate hikes from the Bank of England due to the country's...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The GBPUSD surged to a new annual high of 1.2850 as Bank of England (BoE) policymakers prepare for a potential interest rate hike. Meanwhile, the U.S. Federal Reserve (Fed) decided to hold off on an interest rate increase, indicating that the tightening phase is still ongoing. The Pound Sterling remains optimistic as discussions about a pause in the BoE's...
From a straight forward technical analysis, the resistance that we have been fighting is a weekly area, but the direction is still strongly on the bullish side. Keep it simple so you can get your job done faster. Silent
During the latter part of the previous week, the GBPUSD price action continued its upward movement as the US Dollar faced obstacles following a less confident recovery. The release of data on Thursday, which showed a surge in the number of Americans filing new claims for unemployment benefits to the highest level in over 1½ years, prompted investors to sell off...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
In this video, I provide a technical overview of recent events using the GBPUSD chart. The U.S. Senate has passed legislation that raises the government's debt ceiling, following a similar action by the House of Representatives. This development had positively impacted the dollar, especially when combined with better-than-expected data from the NFP, which is...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Welcome to my GBPUSD Technical Analysis Session. Despite British retail sales data rising by more than expected in April, 0.5% from March and an improvement from the drop of 1.2% the prior month; the U.S. dollar against the Pound Sterling appears to be on course for its fourth consecutive weekly gain as U.S. rate hike expectations grow across the market and...
Following a choppy previous week, the Pound Sterling appears to have found "support" along the 1.245000 benchmark and depending on how price action reacts to this level in the coming week will decide whether to buy or sell the Pound Sterling in the coming week(s). The GBPUSD rose 0.3% on Friday to 1.245, rebounding slightly after struggling in the face of...
GBPUSD turns positive for the fourth straight week but this time around did a significant breakout of the 1.25000 level - climbing to a two-week high on Friday to set the tone for a bullish momentum ahead of the new month. However, bets for another 25 bps rate hike by the US Fed Reserve in the coming week could tilt an imbalance in the market influx. It is also...