Tag Archives: gbp/usd

The GBP/USD pair has fallen due to concerns of a potential US recession, with technical facors suggesting a neutral to downward bias. The pair has experienced a series of lower highs and lows, dragging the pair from year-to-date highs of 1.2894 toward current exchange rates. The daily moving averages (DMAs) …

After battling at 1.2700, the GBP/USD pair drops as a result of the strong US dollar and poor US housing data. The technical picture is gloomy, with a “evening star” pattern and an RSI pointing to more decline. The 50-DMA at 1.2636, the 200-DMA at 1.2555, and the 1.2600 are …

Along with a respectable increase in US rates, the US dollar recovered some of the ground it had lost during Monday’s dismal session, and investors’ forecasts of a September and December rate drop remained unchanged. A modest increase in US rates helped the USD Index (DXY) overcome its Monday decline …

The GBP/USD pair tumbles to new three-day low as ‘evening star’ chart pattern emerges. Buyers’ momentum begins to fade as RSI aims toward the 50-midline. If the pair drops below 1.2700, look for further losses; otherwise, bulls can challenge 1.2800.The British Pound fell to a new weekly low against the …

Early on Tuesday’s the Asian session, the GBP/USD pair is trading slightly in the green near 1.2770. In response to the Fed’s hawkish remarks and the positive US statistics, traders reduce their bets on interest rate reductions by the Fed. The GBP could rise if the BoE decides to hold …

The GBP/USD pair is easing back from Wednesday’s early gains after FOMC showing. UK PM Sunak calls for general election July 4 in a bid to hold power. A rate cut in June 2024 look less likely, the GBP/USD pair is pulling back from Wednesday’s early gains after the FOMC …

During the North American session on Friday, the GBP/USD pair recovered from its losses on Thursday and reached a new weekly high. The 100-DMA and important resistance at 1.2631/34 have been breached, according to the technical forecast.A decline below 1.2630 may expose 1.2500 and the 200-DMA at 1.2539, while buyers …

GBP/USD climbs past 100-DMA, with buyers gaining traction. Buying interest remains strong, as RSI points upwards, yet to become overbought. Key resistance lies at 1.2670, which would exacerbate followed by 1.2700. Sellers target a close below the 100-DMA to challenge 1.2600.The Pound Sterling advanced some 0.30% and hit a five-week …

The GBP/USD pair has consolidated its gains above 1.2580 during the early Asian session, with the major pair holding above the key 100-day Exponential Moving Average (EMA) but still capped under the 1.2600 hurdle. The US Consumer Price Index and Retail Sales report for April will be in the spotlight, …

Amid growing cautious ahead of the US CPI, gold prices reversed two straight sessions of gains and fell back to the $2,330 zone. Meanwhile, the price of an ounce of silver increased just above $28.00. Despite slight losses, the USD Index (DXY) was able to maintain its position above the …