Tag Archives: GBP

The pound continues its bearish bias against the US dollar within the expected bearish path during the previous analysis, in which we relied on confirming a break of 1.3100, pointing out that this facilitates the required mission of 1.3000, so that the pair continues to the downside. On the technical …

The GBP/USD retreated nearly 50 pips from European session highs to levels beyond 1.3100 and fell back to the lower end of the intraday range. The fresh sell-off around the US dollar helped the pair regain some positive momentum during the early last day of the week, but the ongoing …

The British Pound (GBP) retreated on Thursday, after showing a very strong performance yesterday that was supported by renewed hopes for a trade agreement between the United Kingdom (UK) and the European Union (EU) in the post-Brexit stage. The GBP is down against the US Dollar (USD) by 0.52%, with …

Positive trading dominated the British Pound against its Japanese counterpart, touching the first target to be achieved at 137.30, posting session high at 137.65. On the technical side with the pair’s intraday stability above the psychological barrier of 137.00, which is accompanied by the continued positive motive for the pair …

The British pound rallied significantly against the US dollar yesterday, after it managed to break the psychological barrier of 1.3000 to extend its gains, surpassing the first target of 1.3080, and reaching a high of 1.3180. Technically, by looking at the chart, we find that negative signs have started to …

The British Pound (GBP) surged on Wednesday, supported by renewed hopes for a trade agreement between the United Kingdom (UK) and the European Union (EU). Earlier today, the EU Chief Negotiator, Michel Barnier, said an agreement is possible if both parties are ready to work constructively and in a spirit …

The pair of Pound against the Yen witnessed a positive slope within the bullish path, as we expected yesterday, and it begins to attack the psychological barrier of 137.00. Technically, we find that the 50-day moving average hold the price in addition to the pair building above the resistance-into-support around …

The technical outlook remains unchanged on the pair’s movements within attempts to obtain bullish momentum. Technically, and looking at the chart, we find that the pair failed to stabilize for a long time above the pivotal resistance of 1.3000, as the current trades witnessed stability below the aforementioned level, with …

GBP/JPY managed to achieve the positive outlook, as we expected yesterday, to touch the first target required to be achieved at 137.10, posting high 137.25. Technically, we find that the 50-day moving average holds the price in addition to an intraday consolidation above breached resistance-into-support 135.90 / 136.00. Therefore, we …

The British Pound reversed the downtrend, as we expected in the previous analysis, reaching the stop loss order we mentioned, located at 1.3000, posting a high of 1.3024. Technically, and looking at the chart, we find that the pair failed to stabilize for a long time above the pivotal resistance …