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GBP/USD while directionless is attempting a new push towards the five-month high of 1.3011, which is aided by the recent bullish crossover of the 200-day simple moving average (SMA) by the 50-day one and the rising slopes of the 50- and 100-day SMAs. The technical indicators suggest that positive momentum is
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GBP/USD looks mildly positive in the short-term; resistance line in focus. GBP/USD started the week in the green after falling slightly for three consecutive days. The rebound happened around the 1.2800 support level and the 23.6% Fibonacci of the up-leg from 1.2200 to 1.3011, but the bullish action was not strong enough to pierce
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GBP/USD erased a small part of its gains that drove the price near the 1.3000 key resistance area but the 1.2800 level, which is currently viewed as nearby support, curbed the downside correction. The short-term bias is currently looking positive-to-neutral as the RSI is reversing back towards its 70 overbought level and
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GBP/USD shows signs of some stalling but still looking bullish. GBP/USD seems undecided of direction after driving the price marginally above the 1.3000 level. The aggressive rally that commenced on October 10, recouped nearly three-quarters of losses in the drop from the high of 1.3381. The Tenkan-sen and Kijun-Sen lines have now
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GBP/USD registered a fresh five-month high of 1.2987 before pulling back, cementing the new uptrend off the 1.1957 level. The 20-period simple moving average, which is sloping comfortably upwards and above the longer-term SMAs, increases the odds for a continuation of the bullish wave as well. The RSI, however, has been
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GBP/USD violates March downtrend; cautiously bullish in the short-term. GBP/USD traders turned indecisive following last week’s impressive rally that drove the price slightly above the 1.2700 level and just below the 200-day simple moving average (SMA). The short-term momentum indicators suggest a cautiously bullish bias as the RSI and the Stochastics maintain an upward
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Monthly GDP growth readings for the month of August will come out of the UK on Thursday at 08:30 GMT and forecasts argue for a pullback in expansion as recent data out of the services sector have already warned. While the Brexit turmoil is holding the central bank’s hands tied,
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GBP/USD has consolidated around 1.2293, which is the 23.6% Fibonacci retracement of the down leg from 1.3381 to 1.1957, as directional momentum has dried up. The pair is trading within a short-term range of 1.2205 – 1.2415, with the price, also being squeezed between the 20- and 50-day simple moving averages
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GBP/USD blocked by support near the oversold area. GBP/USD has paused its sell-off just above the 200-period simple moving average (SMA) and near three-week lows in the four-hour chart. But the falling Tenkan-sen suggests that the bearish action has more room to run. The RSI is backing this view as well, though it also
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The highest court in the United Kingdom has landed a fresh blow for Prime Minister Boris Johnson after it ruled that the government’s decision to suspend Parliament was unlawful. The surprise ruling cut Johnson’s trip to New York short where he was hoping to meet his EU counterparts on the
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