Tag Archives: GBP/USD

GBP/USD Analysis

Despite a slight gain in the headline CPI number to 1.3%, GBP/USD remained in narrow European range trade on Tuesday.

EUR/USD continues to find support on dips ahead of 2014 lows and resistance ahead of the $1.2584 level.

Entering the NA trading session, the USD is weak, with many other markets relatively quiet.

Today’s highlights: EURJPY is vulnerable to a snap back correction,

EUR/USD: We have squared longs and will be looking for levels to enter shorts.

EUR/USD has weakened near the resistance at1.2577.

The pair witnessed a relatively quiet US session tied to a narrow $1.5628-59 range on Monday.

The sharp correction lower from Monday’s spike above the 21-DMA has reconfirmed the bearish bias and

In reaction to the a series of indicators that confirmed the strengthening of US growth,

News that Japan has fallen into recession is weighing heaving on markets leading into the NA open and

EUR/USD has broken the resistance at 1.2509,favouring a longer rebound.

The pair was pressured to $1.5616 after the release of solid US Retail Sales data on Friday and