Tag Archives: GBP

The British Pound succeeded in achieving the positive outlook, as we expected, surpassing the second goal around 1.3380, reaching its highest level at 1.3397. On the technical side, the pair was subjected to strong negative pressure as a result of approaching the psychological barrier resistance of 1.3400, to witness the …

The technical outlook remains unchanged on the pair’s movements, to maintain the bullish path as we expected during the last trading sessions last week, shy of the first target 138.45, posting high at 138.31. Technically, the current moves are witnessing an intraday stability above the breached resistance level of 137.60, …

The British Pound opened its first weekly trading with a bullish tendency within the upside as we expected, touching our first target 1.3310, posting high at 1.3327. Technically, we tend to be positive, depending on the pair’s stability above the 1.3270 resistance level, which has now turned into a support …

The pound returned to dominate the movements of the British Pound against its US counterpart, after finding solid support floor near 137.00. Technically, the current moves are witnessing an intraday stability above the breached resistance level of 137.60, and we find that the stochastic indicator started to provide signs that …

The British Pound found a strong support floor near the psychological barrier of 1.3200, to start its daily trading positively, and hover around the resistance level at 1.3280. Technically, the simple moving averages continue to hold the price from below, and we find the RSI indicator stable above the mid-line. …

The Pound retreated against its Japanese counterpart, nullifying the expected positive outlook, approaching the stop loss order published in the previous analysis, at 137.00, posting a low of 137.18. Technically speaking, we tend to be negative in our trading, relying on intraday trading below 137.65, in addition to losing the …

The British Pound touched the target to be achieved in the previous report, located at 1.3300, to hit its highest level at 1.3310. Technically, the pair collided with the psychological resistance level represented by our target 1.3300 but couldn’t consolidate above it. The current movements are witnessing a bearish bias …

The British pound’s current moves against the Japanese yen are witnessing negative moves after finding a strong resistance level around 138.40 within the current attempts to target a re-test of 137.80. Technically, we tend to be positive despite the current bearish bias, given that trading remains above the support floor …

The British pound continues to rise against the US dollar, maintaining the bullish path, benefiting from stability above the support level 1.3170, approaching a few points difference from the goal published in the previous analysis at 1.3285, posting a peak at 1.3273. Technically, we are biased towards the positivity given …

British Pound was on positive side against the Japanese Yen within the expected bullish path, touching the first target at 138.65, posting a high at 138.87. Technically, with the pair consolidating on a support floor of 137.50, with the pair continuing to receive a positive stimulus from the 50-day moving …