STERLING_PIPS

STERLING_PIPS

GBP/USD drops to 1.2922 during the early Monday morning in Asia. In doing so, the Cable keeps the late Friday's range above 1.2900 while staying below the previous day’s peak surrounding 1.2955. Pleas like or follow :)

STERLING_PIPS

The GBP/USD pair rallied over 150 pips during the mid-European session and shot to near two-week tops, around the 1.2975 region in the last hour. GBP/USD has posted gains in Thursday trade. Early in the North American session, the pair is trading at 1.2963, up 0.40% on the day. please like or follow :)

STERLING_PIPS

The GBP/USD pair is heading into the new day hovering around 1.2860, neutral-to-bearish according to intraday technical readings. Support levels: 1.2820 1.2770 1.2715 Resistance levels: 1.2900 1.2940 1.2990 Please like or follow :)

STERLING_PIPS

CABLE longs returned with a vengeance this Monday, driving GBP/USD to 1.2929 its highest in almost a week. Overall, the upside remains favored, as long as Brexit-related hopes persist. Support levels: 1.2820 1.2770 1.2715 Resistance levels: 1.2900 1.2940 1.2990 please like or follow :)

STERLING_PIPS

GBP/USD charted a Doji candle on Wednesday, neutralizing the immediate bearish outlook. Tuesday's low is now the level to beat for the bears. Please follow or Like :)

STERLING_PIPS

The British pound has fallen a bit during the trading session on Wednesday. Remember a break down below the bottom of the candlestick of course could open up the door to the 1.25 level which has been my longer-term target for a while now. please like or follow :)

STERLING_PIPS

GBP/USD found some support near 200-DMA and stalled its recent bearish trajectory. From a technical perspective, the intraday bounce from a technically significant moving average warrants some caution for bearish traders. Please like or follow :)

STERLING_PIPS

The daily chart for the GBP/USD pair indicates that the risk remains skewed to the downside, as the pair keeps developing below a mildly bearish 20 DMA, while technical indicators head south within negative levels. please like or follow :)

STERLING_PIPS

Cable, all is going to plan and we now need to see bearish conditions as the price is rejected at the current resistance area. The market still has some leg work to do and the downside fits the bearish Brexit narrative well. please like or follow :)

STERLING_PIPS

The British pound bounced a bit to kick off the trading week on Monday, as the ¥135 level continues to be massive support. I believe that we are going to see choppy back and forth trading more than anything else. please like or follow :)

STERLING_PIPS

GBP/USD picks up bids near 1.2810 during the early Asian trading on Monday. In doing so, the Cable trims the losses below the 61.8% Fibonacci retracement of July 14 to September 01 upside amid oversold RSI conditions. please like or follow :)

STERLING_PIPS

GBP/USD settled at 1.2795, a level that was last seen in July, not far from a weekly low of 1.2762. In the daily chart, the bearish case is clear, as the pair is now well below its 20 DMA. Technical indicators have decelerated but stand at daily lows within negative levels. Support levels: 1.2760 1.2715 1.2665 Resistance levels: 1.2840 1.2885...

STERLING_PIPS

The pound is on track for its biggest weekly slump in nearly six months Thursday as the EU threatened to pursue legal action against the U.K. if it doesn’t drop a bill that aims to undermine the Brexit divorce agreement. Cable remains on track to post its largest weekly slump since March 15. Please like or follow :)

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In the shorter-term Cable is above bullish 100 and 200 SMA but below a bearish 20 SMA, as technical indicators recovered from oversold readings, indicating decreased selling interest at the end of the day. The risk of a steeper decline will increase on a break below the 1.3190 support. Please like or Follow :)

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The British pound has had a strong week against the US dollar again, breaking above the top of the shooting star from the previous week. This shows that a certain amount of resistance has been broken, and it is probably only a matter of time before we go higher. Ultimately, I do think that this is a market that breaks out, mainly because the Federal Reserve doing...

STERLING_PIPS

The British pound has pulled back a bit during the trading session on Friday. The uptrend line should continue to be a major influence, and then, of course, we have the 50 day EMA underneath that should continue to offer support. If we break down below the 1.2950 level, then it’s likely that we could go down towards the 200 day EMA. To the upside, if we did break...

STERLING_PIPS

USD/JPY seesaws near 110.00 during the early Monday morning in Asia. The pair initially reacted to the risk-off moves, due to weekend news from Libyan, by declining to 110.05 from Friday’s close near 110.15. Though, follow-on bounces fail to portray the market’s risk aversion that generally weighs on the pair. Please Like or Follow :)

STERLING_PIPS

Sterling is just beginning to lose momentum with further losses expected in the week ahead, UK labor and PMI reports could exacerbate the slide. The subsequent downfall, which erased the previous session's positive move, now points to the emergence of fresh selling pressure and support prospects for the resumption of the prior bearish trend. Please like or Follow :)