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GBP/USD continues suffering from downside momentum losing 500 pips in last weeks trading session amid fears of a no deal Brexit. The UK government acknowledged it could break international law by ignoring some parts of its leave treaty. MP’s will debate the controversial deal that violates the Brexit agreement & will try find a resolution. There’s no doubt a...

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GBP/USD sell-off continues amid no deal Brexit fears & rising cases of Covid-19 in the UK as further restrictions come into place. AstraZeneca pauses Covid-19 vaccine trials after a participant’s ‘unexplained illness’, Further developments about the connection to the Drug are awaited. Broad Dollar strength continues adding further pressure on the Pound now...

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GBP/USD like most majors has took advantage of week Dollar this morning gaining over 100 pips, reaching 2020 high. Price is currently levelling off & I don’t expect to much movement until this afternoons data releases. Strong resistance at 1.3300 could cap gains with price bordering on over bought conditions. Chancellor of Germany Angela Merkel has scrapped...

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GBP/USD continues to range with neither the Bulls or Bears able to take the lead. Bank of England chief Economist Andy Haldane predicts rapid recovery from the coronavirus crisis as consumer spending has helped UK claw back as much as half of losses. Brexit talks will restart on Tuesday as UK vows not to agree to alignment on EU rules as negotiating team gears...

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GBP/USD continues to trade in a narrow range between 1.3008 & 1.3123. UK GDP figures beat forecast but has had little effect on the market. UK Finance Minister Rishi Sunak admits ‘the furlough scheme is unsustainable. Also stating the coronavirus crisis will see 'many more lose jobs & hard times ahead’. These comments have dampened sentiment the Pound is on the...

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EUR/USD has bounced back after two days of losses amid the ECB announcing it will provide stimulus needed to support the economy. Uncertainty around the next US fiscal package & the continued spread of corona virus are weighing on the dollar again. Price met resistance at 1.1801, if price can breach this level we could see buyers again charge towards 1.1900. If...

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Cable met resistance at 1.2665 in yesterday session & fell 60 pips. The Dollar gained strength as US stocks turned to the downside amid Rising US corona virus cases & the US Supreme Court ruled that President Trump cannot block the release of his financial records to prosecutors. Brexit & the UK refusal to contribute financially in the EU corona-virus vaccine...

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GBP/USD saw an uptake yesterday jumping 120 pips to yesterdays resistance level at 1.2357 amid Dollar weakness. Chinese American tensions & post Brexit trade deal issues didn’t impact the pair. This morning price dropped back to yesterday’s resistance level at 1.2293 as this morning we entered two short term buy positions, closing at 1.2313 & 1.2312 respectively...

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EUR/USD saw little reaction as German IFO Business Climate Index beats estimates. Escalating US-China tensions continue to make dollar’s safe-haven status more attractive. The Euro is currently trying to recover this mornings losses as it makes it’s way back to 1.0910, I’ll be looking for a drop off from this level. Support: 1.0870 – 1.0850 Resistance:...

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USD/JPY edged higher during the Asian session, currently trading on resistance level 1 at 107.300 after failing to break 107.400 showing little follow through! The forecast is for a subsequent downward movement towards support at 107.030. If the pair manages to break support level 1, a continuation of the downward movement can be expected. Support: 107.035 –...

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GBP/USD has been on the back foot amid growing Sino-American tensions. The GBP continues to lose ground & is slipping towards Support at 1.2414, a successful breach could pave the way to support level 2 at 1.2375. Support: 1.2414 - 1.2375 Resistance: 1.2499 - 1.2545

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EUR/USD struggles amid global tensions as it falls off resistance level 2 at previous two week high but selling pressure can’t seem to break support level 1 at 1.0922. Bulls still have control on the 4 hour, trading above the 50 & 200 SMA. Support: 1.0922 - 1.0895 Resistance: 1.0977 - 1.1005

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GBP/USD found some strength hitting two week high yesterday, but slightly overbought & currently slipping away from resistance level 1 at 1.2645 don’t be surprised to see this continue to drift towards support as 1.2475. All eyes are on US ISM Manufacturing PMI at 3pm.

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EUR/GBP dropped over 50 points off this mornings high amid GDP figures. Price has bounced back off support at 0.8687. Expect more volatility with news to come from ECB & PM's briefing later today!

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GBP/USD breaks resistance again but can't seem to take advantage. Looks to have double topped at 1.2515 looking for a move back to resistance level 1 at 1.2453.