GBPUSD Forecast August 9, 2016, Technical Analysis
The GBPUSD pair did very little during the day on Monday, forming a slightly negative candle.
FXB
GBPUSD Forecast August 2, 2016, Technical Analysis
The GBPUSD pair went back and forth during the course of the day on Monday, showing signs of confusion.
IMF Prepares For Inclusion Of RMB In Its SDR Basket
The International Monetary Fund (IMF) on Monday announced its board decision to amend the rounding methodology for determining currency accounts in the Special Drawing Right (SDR) basket, in order to make technical preparations for the inclusion of the Chinese currency, Renminbi, in the SDR basket.
Cable Continues To Consolidate In A Narrow Range
Cable continued to consolidate last week in the after shock of Brexit, with the pair trading in a narrow range on the daily chart, and this continued at the start of this week’s trading keeping to a 70 pip range, and closing 9 pips lower off the open.
GBPUSD Forecast July 25, 2016, Technical Analysis
The British pound fell again during the day on Friday, as we continue to grind our way down towards the 1.30.
GBPUSD Weekly Analysis – July 17, 2016
GBPUSD remains in downtrend from 1.5016, the rise from 1.2795 is likely consolidation of the downtrend.
GBP/USD Forecast July 11, 2016, Technical Analysis
GBPUSD pair initially rallied a bit, but at the end of the day could not break above the 1.30 level with any gusto.
GBPUSD Weekly Analysis – July 10, 2016
GBPUSD’s downward movement from 1.5016 extended to as low as 1.2795.
GBPUSD Forecast June 29, 2016, Technical Analysis
The GBPUSD pair rose slightly during the course of the session on Tuesday, but did get back some of the gains.
GBPUSD Forecast June 28, 2016, Technical Analysis
The GBPUSD pair gapped lower at the open on Monday as anticipated, and as a result we continue to see selling pressure.