Tag Archives: GBP/USD
Daily Market Technicals
The significance of the $1.2605 support was confirmed last week with the euro having found support around this level to work its way back towards $1.2742.
Daily FX Update
Markets are cautious into the open, with headlines focused on Ebola’s arrival in New York.
Daily Technical Report
EUR/USD’s recent bounce is likely over. As aresult, a full retracement towards the key supportat 1.2501 is favoured.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6031 after rate had managed to recover off UK retail sales react lows of $1.5995 to
Daily Market Technicals
Layers of resistance are accumulating with bulls needing a close above $1.2742 to ease bearish pressure and
Daily FX Update
Market sentiment is encouraging into the open. Earnings, China’s PMI and Europe’s PMI have all helped to
Daily Technical Report
EUR/USD continues to weaken, as can be seenby the break of the hourly support at 1.2706 (seealso the rising channel).
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6051 after rate had managed to recover off session lows of $1.6012,
Daily Market Technicals
The pullback from the $1.2845 resistance gathered steam Wednesday with the close below the 21-DMA confirming a shift lower in focus to the $1.2501 2014 low.
Daily FX Update
Mixed markets leading into today’s U.S. CPI print, which is a key input for the Fed and accordingly the USD.