Pound Sterling (GBP)

GBPUSD managed to hold trades above the support of 1.2035 so far and managed to hit some rebound correction movement towards the resistance zone of 1.2210-60. The resistance zone of 1.2210-60 could push for another drop wave to test…
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The market dynamics around the Sterling (pound), and especially visible in cable, are unusual and concerning. UK gilt yields (how much interest is paid on government debt) has risen sharply in recent days. Normally, that would imply a…
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GBP (sterling) fall lower GBP (sterling) maintained its bearish run as worries over the state of the economy rumbled on. Despite a previous move towards 1.2550 at first, sellers seem to be undeterred, and a 300 pip drop in recent…
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GBPUSD hit the targets of 1.2300 and 1.2185. As we see over the chart, the market is facing support around 1.2035 where as long as prices keep holding above it, a rebound correction toward the 1.2210-60 resistance zone will be expected.…
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GBPUSD managed to hit few pips above the resistance of 1.2540 but remained below that level. The downtrend pressure is still ongoing while the market managed to hit 1.2300 and below. Prices now face the first resistance around 1.2380,…
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AUDUSD grinds support The Australian dollar (AUD) found some firm resistance as risk appetite remains volatile across all markets. The latest move higher towards 0.6300 met stiff selling pressure, and prices are at a major crossroads…
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FTSE (UK 100) holds onto gains The FTSE (UK 100) hits a slight consolidation as investors hold their breath ahead of US payrolls amid growing rate cut expectations. The index so far has held onto its gains after a tentative break above…
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Euro managed to met target 1.0225 as we advised last week before market hit some rebound correction As we see over the chart, market facing Intraday resistance around 1.0375 which may keep the drop pressure on market for another test…
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NAS 100 (Nasdaq) hitting support The NAS 100 (Nasdaq) hits support as investors await catalysts from US labour data on Friday. The index is striving to hold onto its gains to hit another peak. A retreat below 21500 has forced some…
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As we advised last week and as we see over our previous chart GBPUSD managed to hold this trading zone bewteen support 1.2440-80 and resistance 1.2600-20 as we advised before As we see over the chart, market still holding chance for…
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