Tag Archives: sterling

GBP/USD Technical Analysis The GBP/USD pair successfully reached the initial target outlined in our previous technical report at 1.3440, printing an intraday high of 1.3443. Technical Outlook – 4-Hour Timeframe: Across intraday price action, the simple moving averages continue to function as effective dynamic support, holding the price steady and …

GBP/USD Technical Analysis A limited bearish bias dominated the price action of the GBP/USD pair during the previous session, with the pair sliding to an intraday low of 1.3390 before beginning to show signs of consolidation near the key support floors. Technical Outlook – 4-Hour Timeframe: With respect to intraday …

GBP/USD Technical Analysis The GBP/USD pair witnessed limited upside attempts across recent trading sessions, seeking to claw back a portion of the losses sustained in previous sessions. That said, these moves continue to lack sufficient momentum to alter the prevailing negative technical outlook over the short term. Technical Outlook – …

Key Takeaways ECB 25bp hike expected Thursday: Policymakers responding to Iran war energy-driven inflation; markets now pricing roughly three hikes total this year. Not a repeat of 2011: Barclays says the comparison is overstated — EU sovereign balance sheets, fiscal positions, and corporate health are all stronger today. Two hikes …

GBP/USD Technical Analysis The GBP/USD pair came under sustained selling pressure during the previous session, sliding to an intraday low of 1.3305. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, the simple moving averages continue to function as effective dynamic resistance, imposing downward pressure on the price and reinforcing …

GBP/USD Technical Analysis The GBP/USD pair came under sustained selling pressure during the previous session, after the 1.3470 zone established itself as a formidable resistance ceiling that successfully capped upside attempts and forced the pair to retreat once again. Technical Outlook – 4-Hour Timeframe: With respect to intraday dynamics, the …

GBP/USD Technical Analysis The bullish trend dominated the price action of the GBP/USD pair during the previous trading session, after the pair successfully established a constructive foothold above the pivotal 1.3420 support — a development that has strengthened the prospects of an extended upside move over the short term. Technical …

GBP/USD Technical Analysis Positive momentum has returned to the GBP/USD pair across intraday trading, with the pair successfully clawing back a portion of its previous losses on the back of an improvement in buying momentum. Technical Outlook – 4-Hour Timeframe: Within the intraday landscape, the simple moving averages continue to …

GBP/USD Technical Analysis Negative price action has returned to dominate the GBP/USD pair after it ran into the pivotal resistance at 1.3460, which forced the pair to relinquish its recent gains. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, the simple moving averages continue to function as dynamic resistance …

GBP/USD Technical Analysis The GBP/USD pair temporarily reversed its anticipated bearish trajectory after the price consolidated above the 1.3380 resistance level. We had highlighted that a decisive break above 1.3380 could reignite temporary upside momentum targeting 1.3445 — a projection that was duly fulfilled, with the pair printing an intraday …