The pair extended its bearish trajectory in line with expectations, reaching the first downside target at 1.3430 and printing a session low of 1.3401. Technical Outlook: RSI: Cleared the oversold zone from the prior session but continues to show weak momentum, reflecting limited buying strength. 50-day SMA: Still acting as …
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The pair is trading with a slightly positive intraday bias but remains capped below the key resistance level of 1.3480, keeping the overall pressure tilted to the downside. Technical Outlook: RSI: Showing early negative signs after entering overbought territory, hinting at potential negative divergence and weakening upside momentum. 50-period SMA: …
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The pair is showing positive intraday movements after testing the psychological support level of 1.3400 in the previous session. Technical Outlook: Relative Strength Index (RSI): Beginning to show negative signals due to overbought conditions relative to price action, suggesting the potential for negative divergence. 50-day Simple Moving Average (SMA): Acting …
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The pair witnessed mixed trading with a slight bullish bias after establishing a short-term support line. Technical Outlook: Relative Strength Index (RSI): Showing negative signals due to overbought conditions relative to price action, raising the risk of negative divergence. 50-Period Simple Moving Average (SMA): Acting as dynamic resistance, maintaining downward …
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The pair opened the week under pressure after touching the 1.3560 resistance level, which triggered a wave of negative trading. Technical Outlook: Relative Strength Index (RSI): The indicator is beginning to show early positive signs, likely reflecting temporary relief from oversold conditions, which may briefly limit additional downside pressure. 50-period …
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The pair extended its advance in line with previous expectations, reaching the projected target at 1.3675, which also marked the session high. Technical Outlook: RSI: The Relative Strength Index is starting to issue negative signals, hinting at a potential short-term slowdown in bullish momentum. 50-SMA: The 50-period Simple Moving Average …
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The GBP/USD pair posted notable gains in the previous session, reaching 1.3625 before easing into a minor correction after the recent advance. Technical Outlook – 4-hour timeframe: Relative Strength Index (RSI): The indicator has begun issuing negative signals, suggesting a potential short-term weakening in buying momentum. 50-period Simple Moving Average …
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Consumer spending momentum eases U.K. consumer spending rose 2.1% year-on-year in the four weeks ending August 29, according to Barclays’ latest U.K. Spend Trends report released on Wednesday. The figure represents a slowdown from the 2.5% growth recorded in the four weeks ending July 4, but still outpaces the longer-term …
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The technical outlook for the GBP/USD pair remains unchanged, with price action showing little variation as the pair continues its gradual intraday recovery, attempting to hold above the key psychological support at 1.3500. Technical Outlook – 4-hour timeframe: The Relative Strength Index (RSI) has cleared oversold territory and is beginning …
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The GBP/USD pair continues its gradual intraday recovery, attempting to consolidate above the key psychological support at 1.3500. Technical Outlook – 4-hour timeframe: The Relative Strength Index (RSI) has successfully exited oversold territory and is beginning to deliver positive signals that could restore bullish momentum. In addition, price action is …
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