The reaction of GBPUSD to the Bank of England's interest rate decision has been fairly muted. In the short term, we're looking for selling opportunities, aiming for a deeper reversal towards the 1.3146 level.
Key levels to watch:
Target 1: 1.3146
If price breaks below 1.3146, the next target is 1.3000.
Stop-loss recommendations:
Technical Stop:...
GBP/USD is technically bullish on the charts but the bulls can't catch a break above last month's highs yet, despite the BoE holding at 5.00% and the Fed cutting aggressively yesterday.
Here are the bullish and bearish levels. Good luck!
The British pound has edged lower on Tuesday. In the North American session, GBP/USD is trading at 1.3055, down 0.14% on the day.
UK wage growth eased in the three months to July, an encouraging sign for the Bank of England as it looks to continue lowering rates.
Average earnings excluding bonuses climbed 5.1% y/y, down from 5.4% in the previous period and in...
The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It has been a winning week for the pound, which has climbed 1%.
There was more good news from the UK economy as retail sales rebounded in July by 0.5% m/m, after a revised decline of 0.9% in June and in line with...
The British pound posted losses earlier but has clawed back and is in positive territory. GBP/USD is trading at 1.2846 in the North American session, up 0.20% on the day.
After sustaining a technical session in the second half of 2023, the UK economy is on a rebound. GDP climbed 0.6% in the second quarter, in line with expectations and a notch lower than the Q1...
The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2844 in the European session, down 0.15% on the day.
Headline inflation in the UK rose 2.2% y/y in July, up from 2% in June but below the market estimate of 2.3%. Perhaps most important for the Bank of England, services inflation slowed to 5.2%, the lowest since June 2022 and well...
The British pound is drifting on Monday. GBP/USD is trading at 1.2768 early in the North American session, up 0.08% on the day.
The UK releases the employment report for the three months to June and we could see signs of a cooling labour market. Annualized average earnings including bonuses, which has hovered between 5.5%-6% all year, is expected to fall sharply...
Here I have EUR/GBP on the Daily chart!
The Lows @ .83972 & .83827 seem to have found enough Support in this Zone since its last visit back in the summer of 2022!
After BOE decided to cut their Interest Rates to 5% on Thursday, we see the end of the week gave us quite a Bullish close above the Lower High @ .8490 CONFIRMING the Double Bottom Reversal...
The British pound has fallen sharply on Thursday. GBP/USD is trading at 1.2774 in the North American session, down 0.63% on the day. Earlier, GBP/USD fell to 1.2750, its lowest level in a month.
For those readers who like to follow the central banks (as the writer does), it has been a very interesting week. The Bank of Japan raised interest rates, the Federal...
- The Bank of England (BOE) decided to deliver its #inflation medicine in a bigger dose
at their recent monetary policy committee meeting.
The bank made the shock decision to raise borrowing costs a half percentage point,
taking the official rate to 5% ;
double the size of the increase anticipated by most economists.
BoE hiking interest rates to 5% ,
it adds...
1st August
DXY: Found support at 104, retracing, if above 104.20 could test 104.40. (wait for retracement to complete before continuation lower)
NZDUSD: Buy 0.5990 SL 20 TP 55
AUDUSD: Do nothing, look for reaction at 0.65
USDJPY: Wait for retracement to complete at 151, Sell 150.75 SL 45 TP 170
GBPUSD: Sell 1.2770 SL 20 TP 65 (BoE decision pending)
EURUSD:...
Tight BOE 5-4 Vote on Rate Cut Hinges on Bailey's Decision
A Reuters survey indicates that most economists anticipate the Bank of England (BOE) reducing interest rates at its August meeting. The poll revealed that over 80% of respondents expect a rate cut.
We could see a close decision by the Monetary Policy Committee (MPC), with a 5-4 split in favor of a rate...
It's a huge week for central banks with the Bank of Japan (BOJ), Federal Reserve (Fed), and Bank of England (BOE) set to deliver their decisions within a 32-hour window. Market activity remains largely subdued in anticipation.
The BOJ’s decision is the most unpredictable. Current market sentiment suggests a ~60% likelihood of a 10-basis point hike and a ~40%...
Taking a look at the 1 hour timeframe, it's quite noticable that we have a clean breakout to the downside along with bearish divergence with RSI.
This isn't much of a surprise as this pair is heavily overbought on the daily and weekly timeframes.
Next week we get the latest policy decision from the BOE which likely will contribute to stirling weakness heading...
The British pound continues to roll and is up for a sixth straight day. GBP/USD is trading at 1.3038 in the European session, up 0.51% on the day. The pound has sparkled in July, climbing 3% and hitting its highest level since July 2023.
UK consumer inflation remained at 2% y/y in July, unchanged from June. This was higher than the market estimate of 1.9% but...
GBPUSD H8
Converse to AUDUSD analysis above. We also have the likes of GBPUSD here in front of us, where we have seen a rejection from 1.28500 price, a half number acting as resistance. If we look to the left on this chart, on June 12, you'll notice and aggressive selloff. This formed an attractive area of supply.
We have a few confluence in and around this...
$pdn.ax ASX:PDN
Still just range bound, deviated the big Quaterly level and now trading into the Big yearley level..
pullback almost 33% so far
Plan marked out on chart..
Under, then trigger once back over.. Then a resending back to into green zone..
Not a prediction
#uranium
Two Trigger plans marked out on chart,
1. A push down take liquitity marked in orange and a reclaim of the mide range = trigger 1
2.A fast push into range low and hold the "Big quartely level" = trigger 2
#uranium
#dyl
