posted by
stephenlovesforex
19 days ago
in USD, GBP, Technical
A Forex trading technical analysis video showing how Cable started collapsing from the 2nd of January, one month before EURUSD started losing its face value. While both are struggling under the 50% retracement resistance, Cable has also broken a
posted by
Anderson
19 days ago
in GBP
The data suggest that the return to growth enjoyed by the economy in the first quarter persisted and may have gained momentum at the start of the second, said Chris Williamson, chief economist at survey compilers Markit. A broad-based improvement is ...
posted by
GAINSY
19 days ago
in USD, GBP, Technical
Upside momentum in GBP/USD remains unconvincing but further rise is still expected with 1.5467 minor support intact. Rebound from 1.4830 could extend to .61.8% retracement of 1.6380 to 1.4830 at 1.5788. On the downside, below 1.5467 minor support
posted by
GAINSY
19 days ago
in EUR, GBP, Technical
Intraday bias in EUR/GBP remains on the downside for the moment for 0.8397 first. Break will resume whole decline from 0.8806 towards 50% retracement of 0.7755 to 0.8806 at 0.8281. But overall, such decline is viewed as a correction only and migh
posted by
GAINSY
19 days ago
in USD, GBP, Technical
Despite yesterday's euro-led retreat to 1.5496, still reckon support at 1.5467 would limit downside and near term upside risk remains for another rise, above yesterday's high of 1.5591 would bring a retest of 1.5607, break there would extend rece
posted by
strawberry
19 days ago
in EUR, GBP
The Pound again tested resistance levels in the region of 1.56 against the U.S Dollar, rising to a fresh 11-week high during the day, while the UK currency also made gains versus most of the major currencies, as the UK construction PMI edged to a six ...
posted by
freshmint
19 days ago
in GBP
... draw-down funds for the development of its oil assets following satisfactory approval by Glencore's technical team, who will work alongside Sirius to bring the fields online in the near term. Sirius is also planning to receive an additional GBP 60 ...
posted by
Tradinformed
20 days ago
in GBP, Technical, Fundamental
A divergence is opening up between the UK and eurozone economy. This could help to maintain the bearish pressure on the EUR/GBP pair. Trade idea based on fundamental and technical analysis.
posted by
GAINSY
20 days ago
in EUR, GBP, Technical
Despite rising to 0.8497 yesterday, as the single currency has retreated after faltering below indicated previous ssupport at 0.8503 (tentatively minor wave i bottom), retaining our bearishness for the decline from 0.8637 (last week's high) to re
posted by
GAINSY
20 days ago
in EUR, GBP, Technical
The sharp decline in early US session suggests that recovery in EUR/GBP is already completed. And, with 0.8503 minor resistance intact, near term outlook stays mildly bearish. Intraday bias is back on the downside for 0.8397 first. Break will...
posted by
GAINSY
20 days ago
in USD, GBP, Technical
Upside momentum in GBP/USD is a bit unconvincing but further rise is still expected with 1.5467 minor support intact. Rebound from 1.4830 could extend to .61.8% retracement of 1.6380 to 1.4830 at 1.5788. On the downside, below 1.5467 minor suppor
posted by
ewforecast
20 days ago
in USD, GBP, Technical
On GBPUSD hourly chart we can count completed five waves up in wave C that shows signs of a top around 1.5606 because of ending diagonal in wave 5, divergence on the RSI and now also accelerating price action below the trading channel which sugge