Sunday Key Economic Data
Today’s Key Economic Data
Today’s Key Economic Data
The GBPUSD pair initially tried to rally on Monday, but then turned back around to fall significantly.
The GBPUSD pair fell slightly during the course of the session on Friday, as we collected some of the gains from the Thursday session.
GBPAUD has been trending higher on its 4-hour chart, moving inside a rising channel visible on that time frame. Price just bounced off the channel support at 2.1150 and may be aiming for the top at 2.1800-2.1900.
The GBPUSD pair initially tried to rally but then turned back around to form a rather negative candle.
The GBPUSD pair shot higher during the course of the session on Wednesday, crashing into the 1.55 handle.
GBPUSD recently broke past the resistance at the 1.5650-.1.5700 psychological levels and is showing signs of a pullback from the rally.
GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same amount.
Cable anticipating BOE by going precisely nowhere! All we can say is 1.5550 region represents strong support & is also where have the 200 ma.
The GBPUSD pair went back and forth during the course of the day on Tuesday, essentially settling nothing.