GBP/USD - 20 February: Inflation in the UK does not support bulls On the hour graph, GBP/USD bounced the third consecutive time from 1.2611–1.2620 resistance zones, noticing a slight decrease towards 61.8% Retracement level to 1.2538. Today, the...
Technical Analysis of GBP/USD The GBP/USD pair is currently trading at 1.26010, reflecting a cautious market sentiment as it hovers near key technical levels. The pair is positioned between the immediate support at 1.25938 and the resistance level...
The pair has found support due to a subdued US Dollar (USD) following weaker-than-expected US Producer Price Index (PPI) data. The latest PPI report revealed a 0.2% month-over-month increase, below the anticipated 0.3%, following a previous 0.4%...
GBP/USD Analysis Greetings and Good Morning guys! The UK CPI and other news events couldn't help the buyers hold the 1.2677 zone yesterday. Therefore, the market had crossed the 1.2618 zone successfully. Moreover, the US Philly Fed Manufacturing...
To start the discussion on this beautiful day, I will open an analysis from the daily timeframe where after seeing the price movement of the GBPUSD currency pair in the last two weeks, it can be seen directly through the graph that the candlestick...
