Tag Archives: GBP/USD

GBP/USD Analysis

The pair closed in NY Tuesday at $1.6388 after rate had managed to recover off an intraday low of $1.6303 to

Friday’s bearish close saw fresh 2014 lows to start the new week with bears firmly focused on the 2013 low at $1.2745.

The USD is weak as we approach the NA session, with early EUR gains driven by improved French confidence data,

Today’s highlights: USDCAD continues to hold trend support to leave the bias higher to

EUR/USD remains thus far unable to holdabove its previous lows, indicating persistentselling pressures.

The USD has softened against the major currencies. AUDUSD has risen slightly to 0.8895 from

EURUSD: EUR/USD over 1.2877 would target 1.2931 next… Read the full report: Technical Alert

The pair closed in NY Monday at $1.6360 as rate continued to recover off Friday’s closing lows around $1.6285,

Friday’s bearish close saw fresh 2014 lows to start the new week with bears firmly focused on the 2013 low at $1.2745.

Today’s highlights: EURGBP falls to test our core bear target at .7800/.7790, where we look for a base.

EUR/USD remains capped by the short-termdeclining trendline and the hourly resistance at1.2988 (05/09/2014 high).

EURUSD has bounced off of its Friday low to trade up to 1.2863 while USDJPY has dipped to 108.73, close to its Friday low.