STERLING_PIPS

STERLING_PIPS

The EUR/USD pair drooped to its lowest level since June 22 at 1.1903 on Monday but didn't have a difficult time erasing a portion of its daily losses. As of writing, the pair was down 0.05% on a daily basis at 1.1926. EUR/USD fell to a fresh six-day low on Monday. Market action remains choppy in the absence of fundamental drivers. US Dollar Index remains on track...

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GBP/USD remains depressed around 1.3900, pressured by the dovish BOE's surprise offsetting the renewed weakness in the US dollar. The 4-hour chart offers a bearish structure which would be expected to act as resistance, although a break of which will put the bulls in charge for the near term: The triple top is bearish and the break of support for a fresh low is...

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CABLE posting losses again after a bullish day and is still remaining around the 1.3900 handle. The 20- and 40-day simple moving averages (SMAs) are moving lower, approaching a possible bearish cross. The RSI is ticking down in the negative territory, while the MACD is extending its negative movement beneath its trigger and zero lines. If the pair continues to...

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CABLE has been trading sideways between 1.4100/1.4245 for three weeks, touching one limit after another. When the price reaches this level, the volume of long positions declines, as a rule. That is why traders may still use the approach based on a rebound within the range. The pound/dollar pair is likely to hover near the levels of 1.4100/1.4200 until it fixes...

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GBP/USD hovering in the neutral territory, around the 1.3985-90 region. UK jobs report pushed GBP/USD to multi-week tops on Tuesday. The pair added to the previous day's massive rally of over 180 pips and edged higher during the first half of the trading action on Tuesday. The uptick pushed the pair to the highest level since early March and was supported by the...

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Price outlook on GBPUSD. Price finally broke out of consolidation . Overall the move will be down. The 1.3800 mark (coinciding with the 38.2% Fib. level) now seems to protect the immediate downside. Sustained weakness below might turn the GBP/USD vulnerable to accelerate the slide back towards the intraday swing lows, around the 1.3755 zone. Please like or Follow :)

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GBP/USD is pushing towards the 1.4000 mark ahead of key comments from Fed’s Powell. Diffusion of UK/US trade tension is likely helping sterling. While markets for the most part remain in wait-and-see mode ahead of remarks from the Chairman of the Federal Reserve Jerome Powell at 17:05GMT, GBP/USD is an exception, with the pair pushing on towards the 1.4000 level...

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The GBP/USD pair is down for a third consecutive day, seesawing within a wide intraday range amid contradictory Brexit headlines. Cable fell 0.09% to $1.3364, but had slumped to a session low of $1.3291 earlier in the day. The GBP/USD pair is trading around 1.3360, with the risk skewed to the downside, according to intraday technical readings. Support levels:...

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Analysts suggest three likely scenarios for Bitcoin’s near term price. First, it could recover relatively quickly to $18,000. Second, it could continue its plunge to the next major support area at $13,700. Third, it could range, allowing the derivatives market to stabilize. On the possibility of a bounce, traders say a bounce past the $17,500 to $17,700 resistance...

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Cable's move lower to 1.3300 has taken the pair back to the bottom of recent day’s ranges. For now, cable is holding up at support in this area, but if the bottom of this week’s range were to go, that would open the door to a move lower towards Monday’s low just above 1.3260 and then onto last Thursday’s low around the psychological 1.3200 mark. Please like or Follow :)

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GBP/USD has posted slight gains, recovering losses from earlier in the day. CABLE broke through resistance at 1.3050 in the European session. Above, there are resistance lines at 1.3172 and 1.3260. There is support at 1.2914, followed by support at 1.2879. Please like or Follow :)

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The price is decreasing targeting the support level of $1.28 which may lead to a further decrease to the support levels at $1.26 and $1.25. Should the support level of $1.28 holds, the price may bounce and resume an uptrend movement. Please like or follow :)

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GBP/USD rallied around 55-60 pips from daily swing lows and shot to fresh daily tops, near the 1.3060 region in the last hour. The pair continued attracting some dip-buying near the key 1.3000 psychological mark, or 200-day SMA support and was being supported by a mildly softer tone surrounding the US dollar. please like or follow :)

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GBP/USD failed to capitalize on its intraday positive move to levels beyond the 1.3100 mark. The early uptick was sponsored by the emergence of some fresh selling around the greenback. Persistent Brexit uncertainties kept a lid on any strong gains, rather exerted some pressure. Please Like or Follow :)

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GBP/USD is technically bearish, could extend its slump towards the 1.2800 price zone. According to the daily chart, the GBP/USD pair is neutral, as it spent the week trading above a flat 20 DMA, which holds above the larger ones, also directionless. Please Like or Follow :)

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GBP/USD remains on the back foot despite taking rounds to 1.2900 during the early Asian session on Friday. The cable dropped heavily the previous day but couldn’t conquer an ascending trend line from September 30. An eight-day-old horizontal line restricts immediate upside moves. Please like or follow :)

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The CABLE dropped further and bottomed at 1.2959, reaching the lowest level since Friday. It then bounced to the upside, now it is trading at 1.2975, down almost 90 pips for the day, ending a four-day winning streak. Please Like or Follow :)

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GBP/USD treads water around 1.2880/85 while heading into Wednesday’s London open. The Pound major slumped below 1.2900 the previous day, marking the biggest losses since September 21. The pair’s downside past-1.2865 may take a rest near the early September lows surrounding 1.2760 before highlighting the 200-day SMA and 61.8% of Fibonacci retracement close to...