Tag Archives: GBP/USD
Daily Technical Report
EUR/USD is moving higher towards the keyresistance area between 1.3811 (11/12/2013high) and 1.3832. Hourly supports now stand at1.3724 (25/12/2013 high) and 1.3650 (25/12/2013low).
Daily FX Update
European currencies are outperforming as we ap-proach the NA session, led by EUR and SEK with gains of 1.1%. The rally in EUR accelerated as EUR broke through the late October high at 1.3832.
Daily Market Technicals
EUR/USD: The break above the $1.3717 level that previously capped sees this level now noted as initial support and the euro-dollar heading towards the layers of resistance in the $1.3811-32 region.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6415, euro-sterling at stg0.8340. The rate lifted to intraday highs of $1.6438 in holiday-thinned markets, before paring light gains to consolidate above $1.6400.
Daily Market Technicals
EUR/USD: Despite the bounce from ahead of the Nov 7 support line and the 55-DMA, initial focus remains on retests of $1.3611-18 with correcting daily Slow Stochastic and RSI studies adding weight to the bearish case.
Daily FX Update
Leading into a shortened equity trading session,most markets are favouring a slight risk on bias as the Nikkei jumps to afresh high. FX is quiet, with daily returns relatively small and favouring astronger USD.
Daily Technical Report
EUR/USD has bounced near the key support at1.3621 (see also the rising trendline). A shorttermbearish bias is favoured as long as pricesremain below the hourly resistance areabetween 1.3709 (13/12/2013 low) and 1.3723(17/12/2013 low).
Daily Market Technicals
EUR/USD: Despite the bounce from ahead of the Nov 7 support line and the 55-DMA initial focus remains on retests of the $1.3614-18 region with correcting daily studies adding weight to the bearish case.
GBP/USD Analysis
The pair closed in NY Monday at $1.6355, euro-sterling at stg0.8375. After rejecting the $1.6380 level during light European trade, cable extended the slow grind and squeezed in early NY to $1.6329.
Daily FX Update
FX markets are relatively quiet, with a slight biasfor short USD positions leading into a holiday filled week.
Daily Technical Report
EUR/USD has bounced near the key support at1.3621 (see also the rising trendline). Hourlyresistances can be found at 1.3709 (13/12/2013low) and 1.3723 (17/12/2013 low). Anothersupport stands at 1.3524.
Daily Market Technicals
EUR/USD: Despite the bounce from ahead of the Nov 7 support line and 55-DMA initial focus remains on retests of the $1.3614-18 region with correcting daily Slow Stochastic and RSI studies adding weight to the bearish case.