Tag Archives: GBP/USD
GBP/USD – A range breakout between 1.6924 & 1.7037 is needed for directions
Starting to back off from key-pivotal resistance 1.7044/49 (2009 high/2005 low) the risk of having marked an
Daily FX Update
The USD is soft as yesterday’s data warns that the economic recovery is fragile even as inflationary pressures build.
Daily Technical Report
EUR/USD continues to grind higher within thehorizontal range defined by 1.3503 and 1.3677.Monitor the test of the hourly resistance at1.3644.
The Global Macro Pulse
EURUSD barely moved at 1.3634, while both the AUDUSD and USDJPY wereever so slightly lower at 0.942 and 101.74, respectively.
UBS Morning Adviser
The UK’s rebalancing needs go far beyond what the FPC can recommend The Bank of England’s financial policy committee’s (FPC) release of recommendations on
GBP: Buy The Dip
The GBP has been under pressure of late, mainly on the back of BoE Governor Carney providing a less clear message with regards to the timing of higher interest rates.
Daily Market Technicals
EUR/USD looks to be hinting at a topside break to the daily triangle but bulls continue to look for a close above $1.3677 to confirm a break of the 200-DMA.
GBP/USD Analysis
The pair closed in Wednesday at $1.6982 after rate’s (US GDP prompted) recovery off intraday lows of $1.6952 faltered above $1.7000.
GBP/USD hourly– Make or break at 1.6924!
Starting to back off from key-pivotal resistance 1.7044/49 (2009 high/2005 low) the risk of having marked an intermediate top at 1.7063 has increased significantly.
Daily FX Update
U.S. equity softness was carried over into the Asian and European sessions; keeping a weigh on U.S. 10yr yields (currently at 2.57%);
FX Daily Majors
Today’s highlights: GBPUSD ideally holds key price support at 1.6922/23 to keep the immediate risk higher.
GBP: How To Trade It?
BOE Governor Mark Carney has prompted a re-think about the timing of UK rate hikes, sending sterling higher even after months of gains.