EUR/GBP has been getting slammed, mainly due to increasing tensions in the Ukraine. We anticipate the downtrend to continue, and current prices over a fantastic short opportunity. Currently retail sentiment is between 65-70% long. Resistances include the 0.8300 signficiant figure, the short term trendline, and the 50% fibonacci level.
GBPUSD is trading to the downside today after price has broken the ascending and corrective support trendlines. The UK parliament is in the process of outing PM Boris Johnson, giving the GBP some weakness, and Ukraine tensions are also boosting the USD higher. We're looking for a significant drop on the forex pair.
GBPUSD is trading to the upside prior to the USD Initial Jobless claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair is in a bullish 1H cycle, and we're targeting the previous structural resistance as our TP.
GBPUSD has traded into the fibonacci golden pocket as support prior to the GBP Manufacturing PMI data later today, which is an indicator of the economic situation in the UK manufacturing sector. Technically the pair is at fibonacci golden pocket support, the RSI has generated a buy signal, and there is a large imbalance candlestick pattern. We anticipate upside...
GBPUSD has broken the support trendline and is breaking below structure. This is a hedge of our currently open buy trade, however later today the USD Gross Domestic Product will be release, which will potentially spur volatility. If price moves to the downside we are targeting the 61.8% extension at 1.36400.
1D Chart GBPUSD is holding support around 1.37300 but the pair is still in a mid term bearish cycle which started from June 2021. 1H Chart Price has broken the support trendline but is still holding 1.37300 support. If this support holds, we are still looking for upside to 1.3900. Alternatively if the support breaks, we will look for continued downside into the...
We are looking for continued upside. Despite yesterday closing bearish, price formed a higher high and higher low than the previous day, and on the 1H chart price has formed a break and retest pattern of the corrective wedge. We are looking for upside into 1.39000
GBPUSD is trending to the upside currently prior to the GBP Claimant Count Rate, which measures the number of people applying for unemployment benefits. Technically the pair has broken the immediate bearish structure, and the 4h chart RSI is mixed. We anticipate continued upside today.
GBPUSD has traded into support prior to the USD Retail Sales data, which measures the total receipts for retail stores in the USA. Technically the pair is holding the 38.2% fibo level from the daily chart as support, and we anticipate a rebound into the recent highs at 1.3750.
GBPUSD has bounced out of the ascending wedge pattern prior to the USD ADP employment change data, which predicts NFP. Technically the pair has broken the ascending wedge, which is a bearish price pattern, and the pair is looking to further downside.
GBPUSD daily chart has closed below the 50% fibo and the mid-trendline support.
GBPUSD has held support today, after yesterdays large sell off. Technically the pair has breached through the bollinger bands, and the RSI has generated an over extended signal, and we anticipate continued upside into the 1.370 level.
GBPUSD is trading to the upside prior to the USD 3 Month bill auction, which reveals the yield on the bill. Technically the pair is trending to the upside and has broken bearish structure, and we anticipate continued pressure to the 1.3780 level.
GBPUSD has bounced from a key pivot level as resistance prior to the BRC Like for Like Retail Sales Data, which measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. Technically the pair has bounced from trendline and pivot resistance, and the RSI has given a...
GBPUSD has traded into resistance prior to the USD 3 Month Bill Auction, which will show the yield on the government backed security. Technically the pair has traded into structure and trendline resistance, and the RSI Has given a sell signal. We anticipate continued downside.
GBPUSD has traded into resistance prior to the GBP Trade Balance data, which shows the UK's balance between imports and exports. Technically the pair has broken a key support and is now retesting the support as resistance. The RSI has also turned bearish, and we anticipate continued downside into the 1.3711 level.
GBPUSD is trending to the downside prior to the USD 3 Month Bill Auction data, which reveals the yield for the US Treasury backed security. Technically the pair is trending below the 50 moving average, and the 50 & 200 MA's are in a bearish cross. We anticipate continued downside into the 1.3560 level.
GBPUSD is trending to the upside currently prior to the GBP Markit Manufacturing PMI data, which is an indicator of the economic situation in the UK manufacturing sector. Technically the pair has broken above a key pivot point, and has now come back to retest the pivot point as a support. We anticipate continued upside back into the recent highs!