GBPUSD struggles to extend the previous three-week uptrend as it seesaws around a three-week high after retreating from an ascending resistance line stretched from late October. The pullback also takes clues from the RSI (14) line’s retreat from the overbought territory, as well as an impending bear cross on the MACD. With this, the Cable pair appears vulnerable...
GBPUSD seesaws at the highest level in 12 weeks, printing mild intraday gains during a four-day uptrend, amid early Tuesday. In doing so, the Cable buyers jostle with a one-month-old bullish channel’s top line amid an overbought RSI (14) line. As a result, the quote’s pullback appears imminent. However, an ascending trend line from early November, close to 1.2560...
GBPUSD snaps a two-day winning streak with mild losses around 1.2270 as traders await the UK employment and the US inflation data on early Tuesday. In doing so, the Cable pair fades bounce off the 21-day SMA. However, the absence of an overbought RSI (14) line, bullish MACD signals and the quote’s defense of the early-month resistance breakout keeps the buyers...
GBPUSD remains on the back foot as the Cable bears attack the bottom line of a six-week-old bullish triangle after staying successfully beneath an ascending support line from early March, now resistance around 1.2830. That said, the bearish MACD signals keep the Cable sellers hopeful. However, the below 50.0 conditions of the RSI (14) line join a convergence of...
A bullish triangle joins Thursday’s rebound to lure GBPUSD buyers as markets await the first estimates of the UK Q2 GDP. However, fears of recession and the 1.2815-25 resistance confluence restrict Cable prices. That said, a convergence of the 100-SMA and top line of a six-week-old descending triangle together constitute the 1.2800-05 key hurdle for the buyers....
GBPUSD marked the first weekly loss in three while slipping beneath the 100-SMA and an upward-sloping support trend line stretched from late June. Adding strength to the downside were bearish MACD signals and the RSI line’s reversal from the overbought territory. However, the MACD teases a bull cross as the RSI hovers around the oversold territory, which in turn...
GBPUSD extends pullback from a 15-month high, marked the last week, as it awaits the UK’s headline inflation data for June, per the Consumer Price Index (CPI) gauge. The pair previously cheered the US Dollar weakness to refresh the multi-month high before the fears of British recession weighed on the prices. The upside momentum also took clues from a clear break...
Personally, I am Thinking of Going Short on GBP/USD Because GBP is looking Bearish Fundamentally and USD is also Looking Bullish Fundamentally
GBPUSD has support around 1.16 and currently under bearish trend. Watch out carefully.
Bearish forecast on Pound/Kiwi Guys it has been a while, today we came out to you with our Bearish idea on GBPNZD. Pound has been trading low since Jul 2006, where I noticed falling resistance above the troughs/swings, view on W1. We have major resistance level daily, and weekly around 2.03166, and it has been tested on 17th Oct 2022. It bounced to weekly low...
What are our targets for the GBP/JPY? This might all depend on Central bank intervention. Last week the BoJ briefly intervened and now there is speculation that the BoE will follow through with similar measures to help prop up the pound, which has cratered in the past two days in response to the dismal economic outlook of the UK and new tax cuts from the government.
GBPUSD extends early-week pullback from a 2.5-month-old resistance line around a lower line of the bullish channel connecting multiple levels marked since mid-July. Considering the recently downbeat RSI and MACD conditions, as well as the Cable pair’s U-turn from the key resistance line, the sellers are likely to defy an upward sloping trend channel by keeping...
fibo 50 supports GBPUSD supports to reach 1.40180 area
Last week its a unexpected bearish moves brought GBPUSD @ 1.37700 area, after NFP Dip also GBPUSD recovered to a little high end of the week, continuous strong momentum of USD may keep down GBPUSD this week, Wait to see the High impact news of Pound on Monday, if it breaks down it may land the price zone of 1.37300 , where it looks like strong support for this...
bullish outlook for GBPAUD, 1.78 price is on the possibility
Pound against dollar looks to go 1.37 at the starting of the week , but expect to go down towards end since there is a resistance above 1.37500 area , down expect it may go 1.35900 this week....
Pound has break all its resistance levels by making a bottom at the 83.35 levels. And within a month it has given an incredible returns of up to 10%. Now it is again try to test its major resistance levels which can lead it to another highs of 94.80-95 levels. So, Buying Levels if it crosses Rs. 92.50 Levels. For the TG: 94.85 levels With the SL: 90.14 Levels.