GBP/USD dipped below 1.2100 and then rebounded to 1.2150 following the FOMC meeting and Powell's press conference, fueled by the weaker US Dollar. Attention has now shifted to the Bank of England, where interest rates are expected to remain unchanged. The Relative Strength Index (RSI) on the 4-hour chart continues to hover near the 50 mark, indicating indecision...
GBP/USD has entered a consolidation phase after testing the resistance at 1.2200. The upward momentum of the British Pound seems to pause, preparing for the Bank of England (BoE) policy announcement on 'Super Thursday.' The Relative Strength Index (RSI) on the 4-hour chart remains near 50, indicating indecision in GBP/USD. The 100-period Simple Moving Average...
GBP/USD found support around 1.2120, but the recovery faltered near the 1.2150 level. The US Dollar strengthens despite risk appetite, driven by the Federal Reserve's decision, supported by higher Treasury yields. The Relative Strength Index (RSI) on the 4-hour chart remains below 50, and GBP/USD closed the last 4-hour candle just below the 20-period Simple Moving...
In the US trading session, GBP/USD rose to its highest level since last Wednesday, surpassing the 1.2170 mark. The pair was supported by a weaker US dollar on Monday, as market participants awaited US employment data, as well as the Fed and BoE meetings. The Relative Strength Index (RSI) on the 4-hour chart remained below 50, and GBP/USD closed the last 4-hour...
EUR/GBP has continued its upward trend for the second consecutive day, trading near the 0.8720 level in early European trading on Monday. The currency pair received support ahead of significant economic data releases from Germany. However, preliminary Gross Domestic Product (GDP) data for Germany is expected to show a 0.3% decline for the quarter, with a 0.7%...
The GBP/USD pair continues to grapple for meaningful momentum, hovering around the 1.2100 mark during Monday's Asian trading session. Traders appear reluctant, opting to wait on the sidelines ahead of crucial central bank events this week, notably the highly anticipated FOMC decision on Wednesday, followed by the Bank of England (BoE) meeting on Thursday. The...
GBP/USD extends this week's decline from near 1.2300, touching a three-week low in Asian trading on Thursday, pressured by a stronger US dollar. The pair weakens further below the key 1.2100 level and faces selling pressure. The Relative Strength Index (RSI) on the 4-hour chart drops below 50, and the latest 4-hour candles close below the 100-period and 50-period...
The GBP/USD pair dipped to 1.2100 in early European trading but found support just above this level. The US dollar maintained its strength after Tuesday's rally, preventing the pair from gaining momentum. The Relative Strength Index (RSI) on the 4-hour chart has dropped below 50, indicating a bearish trend. Meanwhile, the most recent 4-hour candles closed below...
In Wednesday's Asian trading session, GBP/USD witnessed some buying activity, seemingly preventing a retreat from the nearby 1.2300 level or the two-week high. The spot price attempted to hold above 1.2150 after a dip in the US Dollar (USD), although the upward momentum lacked conviction. GBP/USD was last seen trading just below the 1.2250 mark, where the 200-day...
GBP/USD continues its upward momentum since Thursday, trading above the 1.2270 level in the Asian session on Tuesday. The pair receives support from the US Dollar (USD) adjustment, coupled with improved risk sentiment. Although GBP/USD started higher after testing the 1.2100 level, the Relative Strength Index (RSI) on the 4-hour chart remains below 50, indicating...
GBP/USD made a significant jump of 100 pips on Monday, reaching its highest level in over a week at 1.2258. The pair is maintaining its upward momentum as the US Dollar weakens due to fluctuating bond yields. On Tuesday, the UK will release employment data, and the S&P Global PMI figures are also scheduled for publication. The currency pair started trading higher...
GBP/USD struggled to sustain its winning streak, trading around 1.2160 in Monday's Asian session. However, the currency pair faced resistance after the optimistic release of the UK Retail Sales data for September last Friday. GBP/USD started to trend higher after testing the 1.2100 level, but the Relative Strength Index (RSI) on the 4-hour chart remains below 50,...
GBP-JPY has almost reached The supply cluster of the Falling and horizontal levels So a move down is to be Expected towards the Target of 180.016 !
The GBP/USD pair struggled for significant upward momentum on Thursday, trading below the key level of 1.2100 in the Asian session. The immediate trading range stayed narrow, with GBP/USD last seen around 1.2190-1.2200, near the Fibonacci 23.6% retracement level and the 50-day and 100-day Simple Moving Averages (SMA) on the 4-hour chart. Technical buyers might act...
The GBP/USD pair traded below 1.2200 as traders awaited crucial inflation and employment data from the United Kingdom. The British Pound (GBP) declined by 0.26% on Friday as the US Dollar strengthened amid safe-haven demand. GBP/USD has been steadily declining since July due to the narrowing interest rate differential between the UK and the US. Recent...
GBP/USD faced consecutive losses, trading around 1.2160 in Asian markets on Wednesday. Positive US economic data applied pressure. The pair retreated after reaching 1.2200, the 23.6% Fibonacci retracement level, the 50 and 100-day Simple Moving Averages (SMAs) confirming significant resistance. The 4-hour chart's Relative Strength Index (RSI) dropped to 40,...
GBP/USD surged on Monday, reaching 1.2215 as market risk appetite recovered due to Tuesday's UK wage data and US Retail Sales figures. UK average earnings excluding bonuses are expected to remain stable at 7.8% on Tuesday, with the bonus-inclusive figure dropping from 8.5% to 8.3%. The 4-hour chart's Relative Strength Index (RSI) remains below 50, indicating a...
GBP/USD staged a recovery, trading around 1.2150 in Monday's Asian session after recent losses. The pair faces challenges amid shifting discussions on the Federal Reserve's monetary policy trajectory. The Relative Strength Index (RSI) on the 4-hour chart has dropped to 40, indicating a short-term bearish trend. Key for the pair is 1.2200 (psychological level,...