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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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 …
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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 …
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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 …
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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 …
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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 …
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