GBP/USD Hourly
1.4076
Overview :
Market managed to fell to test support 1.3845 as we see over the chart, while managed from there to rebound toward target zone 1.3960-1.4000 as we advised before on Tuesday.
Britain published construction sector PMI: 54,2 that is lower then the forecasted 55,5. The pound did not receive support from the black gold market...
SUMMARY:
The primary trend of GBP/USD is bearish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4405 and support at the level of 1.4175. If it breaks...
The British Pound retains a strong upward tone after of the BOE's economic policy statement, trading a handful of pips above the fresh 4-week high posted last Wednesday, and pressuring the 50% retracement of the latest daily decline between 1.5239 and 1.4078.
Carney says the Bank of England expects real incomes in the UK to grow solidly this year, after several...
Please find the market trend of GBPUSD.
Resistance is at 1.4446 if its break it will go bullish.
Support is at 1.4395 if its break then will go bearish till 1.4325.
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IMPORTANT NEWS TODAY: WED, FEB 03
12.00am NZD : RBNZ Governor Wheeler Speaks
12.30am AUD : Building Approvals m/m (Actual 9.2%, Forecast 4.8%, Previous -12.4%)
AUD : Trade...
