Tag Archives: pound

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 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 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 …

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 …

The British pound continues its negative creep against the dollar within the expected bearish path, depending on the stability of trading below 1.2960, to gradually approach the target required to be achieved in the previous analysis at 1.2840, recording a low at 1.2860. Technically, the moving average is still pressing …

The pair was unable to capitalize on the rally and faced heavy selling near the 1.2960 area in response to UK Prime Minister Boris Johnson’s comments regarding Brexit. Johnson said he would seek a no-deal Brexit unless there is a fundamental change in the EU approach. Johnson’s comments led to …

Negative trading dominated the pound against the US dollar as we expected, touching the target to be achieved during the previous analysis at 1.2900, posting a low of 1.2886. Technically, by looking at the 4-hour chart, we see that the SMA 50 supports the bearish daily curve, with the stochastic …

sterling’s moves against the Japanese yen was dominated by positive trading towards the psychological barrier of 137.00, posting high at 137.33. Technically speaking, the current moves are consolidating above 136.50, with the positive motive of the 50-day moving average continuing to hold the price. We tend to be positive, but …

Positive trading returned to dominate the sterling’s moves against the US dollar, negating the negative outlook, as we expected yesterday, and touching the stop loss order mentioned in the previous analysis at 1.3000, posting high at 1.3065. Technically, the 50-day moving average returned to hold the price in addition to …

The pound failed to achieve long-term stability above 1.3000 against the US dollar, retreating significantly. Note that we mentioned in previous analysis that stability of trading below 1.3000 is an important and essential condition to activate the suggested scenario and trading below it negate the bullish attempts and we may …