Tag Archives: GBP

The pound was able to achieve the first awaited target we mentioned in the previous analysis at 1.2840, recording its lowest level at 1.2845. On the technical side, the support level represented by our target was able to push the pair up again with the aim of re-testing the resistance …

Negative trading dominated the British pound against the US dollar after it failed to breach the psychological barrier of 1.3000,  we have indicated that a breach of that resistance is a prerequisite for the continuation of the buying position, explaining that the price remains below 1.2920 nullifies the bullish scenario …

The British pound jumped against the US dollar to post strong gains within a bullish path that we expected in the previous analysis, touching our awaited target of 1.3000, reaching the highest level at 1.3000. Technically, the SMA 50 favors a bullish bias as the pair continues to receive positive …

The British Pound started the week on strong foot against the Japanese Yen built on the support of 135.90. Technically, we tend to be positive, relying on the positive crossover signals for Stochastic, in addition to the pair’s continued attempts to gain some bullish momentum. We will maintain our positive …

The British pound traded on the positive side against the US dollar, benefiting from strong support around 1.2860. Technically speaking, intraday trading remains above 1.2910 with the positivity of the 50-D SMA This encourages us to maintain our positive view for targeting the extended resistance 1.2980/1.3000 as a first target, …

The Bank of England is realistic in facing the current circumstances, seeing the challenges coming with negative interest rates without ruling them out as an option to help the British economy in the face of the COVID-19 crisis, the Governor of the Bank of England, Andrew Bailey, said on Tuesday. …

A recent report by Goldman Sachs suggested that the market is over reacting to concerns over a Brexit without a trade deal, noting that the British Pound (GBP) is currently trading at attractive levels. “For investors willing to look through some near-term volatility, current levels for sterling longs now look …

The British Pound was painting a clear negative picture against the US dollar, flirting with the target levels for the current range at 1.2890, reaching its lowest level during the previous trading session at 1.2885. Technically, the pair’s moves are witnessing an attempt to re-test the previously broken support level …

The British Pound (GBP) declined on Tuesday as negotiations between the UK government and the European Union are once again seeing complications. This is the fifth consecutive session in decline for the GBP, marking its longest downward trend since May. The UK Prime Minister, Boris Johnson, has reportedly threatened to …

The British pound rallied on Tuesday as the US dollar weakened and investors ignored an unexpected drop in monthly retail sales data in Britain. The dollar fell after investors returned to riskier currencies while a successful phone call between the United States’ top trade officials and China sparked a positive …