Tag Archives: GBP

The British Pound (GBP) is rising on Tuesday, supported by optimism about the United Kingdom (UK) and the European Union (EU) reaching a trade agreement for the post-Brexit stage. Significant progress has been achieved in trade talks, according to recent remarks by the British Minister of Finance, Rishi Sunak. The …

The British Pound jumped against its Japanese counterpart, surpassing the bullish targets required to be touched, mentioned in the previous analysis, 137.20, to touch a peak at 138.90. Technically, looking at 240-minutes charts, we find that the pair is stable above 138.0 with the positive stimulus of the 50-day moving …

The sterling made positive attempts against the dollar yesterday and started attacking the psychological barrier resistance 1.3200, but was unable to breach it yet. Technically, looking at the 4-hour chart, we find that negative signs are emerging on the stochastic indicator, with the 50-day moving average still holding the price. …

The sterling reversed the downtrend, building a base on support floor of 135.50, as the current moves witness a bullish slope near the high of 136.48. Technically, we are biased towards the positive, given the consolidation of trading above the 136.00 barrier, in addition to the clear positive crossover signals …

The British pound showed moves against the greenback to achieve strong gains, attacking the psychological barrier of 1.3200, reaching a high of 1.3193. Technically, the intraday trading remains stable above 1.3110 with the positive motive from the 50-day moving average that meets at the aforementioned level and adds more strength. …

The British Pound (GBP) is close to ending the week at its best level since late September, supported by strong gains and the decline of the US Dollar (USD) amid elections uncertainty. The GBP/USD pair is trading higher by 0.02% at 1.3151. The pair has been moving in a range …

The British Pound (GBP) is rising against the US Dollar (USD), as the latter is declining across the board. This comes amid the continued uncertainty surrounding the outcomes of the presidential elections. The GBP/USD is trading higher by 0.81% at 1.3093. The pair has been moving in a range between …

The British Pound (GBP) declined on Monday as the United Kingdom (UK) prepares to enter into a new lockdown to curb the spread of the Coronavirus (COVID-19) pandemic. The GBP is down by 0.34% against the Euro (EUR), with the GBP/EUR pair trading at 1.1085. Meanwhile, the Sterling losses came …

Negative trading dominated pound’s movement against the Japanese yen, after it encountered a strong resistance level around 135.80 and settled below it. Technically, looking at the 60-minute chart, we find that the 50-day moving average putting a pressure on the price, meeting around 135.80 / 135.60, and adding more strength. …

The British pound is trading on the downside against the US dollar, hovering near the session low around 1.2900. Technically, looking at the 4-hour chart, we find that the stochastic is moving negatively with continued negative pressure from the simple moving averages. Therefore, with consolidation below 1.2960 and generally below …