Tag Archives: sterling

The GBP/USD pair posted sharp losses in the previous trading session after encountering strong resistance at 1.3550, the prior target level. Technical Outlook – 4-hour timeframe: Current price action reflects a clear bearish bias following a break of the short-term ascending trend line. In addition, the pair continues to trade …

The GBP/USD pair posted strong gains in the first trading session of the week, supported by weakness in the US dollar, and reached a new high near the 1.3550 target. Technical Outlook – 4-hour timeframe: Intraday price action is showing a mild bearish bias as a result of profit-taking following …

An uptrend has successfully taken control of GBP/USD trading, in line with the positive outlook highlighted in our previous technical report. The pair reached the projected target at the first resistance of 1.3500, recording a high of 1.3518. Technical Outlook – 4-hour timeframe: The price has firmly established itself above …

The GBP/USD pair is under negative pressure in the morning session as it approaches the psychological resistance level of 1.3500. Technical Outlook – 4-hour timeframe: The pair’s stability below the simple moving average continues to reinforce the possibility of extended downside pressure. However, the Relative Strength Index (RSI) has started …

Negative trading dominated the movements of the GBP/USD pair during the morning session, following its failure to achieve a daily close above the psychological resistance at 1.3500. Technical Outlook – 4-hour timeframe: The pair’s continued stability below the simple moving average strengthens the likelihood of sustained selling pressure, particularly with …

The GBP-USD pair successfully touched its first target of 1.3420 during the previous session, reaching its lowest level during today’s morning session at 1.3393. Technical Outlook – 4-Hour Timeframe The price’s continued stability below the Simple Moving Average increases the likelihood of extended selling pressure, especially with the clear negative …

The GBP/USD pair has successfully reached its first downward target at 1.3445, as we noted in the previous report. It is currently stabilizing near its lowest levels, around 1.3447. Technical Outlook – 4-Hour Timeframe Continued trading below the Simple Moving Average reinforces the possibility of a continued downward path, especially …

The GBP/USD pair recorded significant declines during the previous trading session, hitting its lowest level at 1.3462. Technical Outlook – 4-Hour Timeframe The pair’s stability below the Simple Moving Average (SMA), which coincides with the previously broken support area now acting as a resistance level at 1.3510, reinforces this level’s …

Consumer Confidence Falls as UK Faces Economic Uncertainty Consumer confidence in the UK took a hit in July, according to data released by GfK on Friday. The consumer confidence index dropped to minus 19 in July from minus 18 in June, reversing the slight improvement recorded in the previous month. …

UK consumers continued to borrow and spend with confidence in April, shrugging off fears of an economic slowdown from the ongoing US trade war and a weakening domestic labour market. According to the latest money and lending figures, released by the Bank of England, this resilience is expected to support …