Pound Sterling (GBP)

GBPUSD managed to advance above 1.2610 and sustained advances towards the 1.2715-65 zone. The market is now testing the resistance level 1.2770. As we see over the chart, prices face the 1.2770 resistance. If prices remain below it,…
Read More

EURGBP (The Pound sterling/ Euro) edges lower The Pound sterling clawed back some losses as prices moved away from the recent peak at 0.8370. A surge below 0.8300 indicated that sellers had made their way back. As the buy side is forced…
Read More

GBPUSD managed to advance above 1.2610 and sustained advances towards the 1.2715-65 zone. As we see over the chart, prices face a 1.2770 resistance. If prices remain below it, then another drop toward 1.2610 will be expected. The market…
Read More

GBPUSD managed to advance above 1.2610 and sustained advances towards the 1.2715-65 zone. As we see over the chart, prices face a 1.2770 resistance. If prices remain below it, then another drop toward 1.2610 will be expected. Above 1.2770…
Read More

GER40 index not slowing down The GER40 index (Dax) ticked higher as global market optimism and rising US markets drove gains. After hitting resistance at 19700, the index powered to another 200-point lift to confirm another record high.…
Read More

GBPUSD managed to advance above 1.2610 and sustained advances towards the 1.2715-65 zone. As we see over the chart, prices face a 1.2770 resistance. If prices remain below it, then another drop toward 1.2610 will be expected. Above…
Read More

GBPUSD managed to advance above 1.2610 resistance where managed to sustain advance toward target 1.2715-65 zone As we see over the chart , market facing 1.2770 resistace where as long as market keep holding trades below it another drop…
Read More

XAUUSD remains in the zone Gold price held onto the 2600 level as sentiment continued to shift in favour of gold. The current horizontal consolidation is an opportunity for the bulls to take a breather after a drop this week. A close…
Read More

GBPUSD remains pressured Cable price saw a small advance come to a halt after failing to move past the 1.2600 area. The Cable price is treading above 1.2500, and is looking for some firm support. 1.2580 is the key obstacle to lift before…
Read More

GBPUSD managed to hit a rebound correction and managed today to test the resistance zone of 1.2580-1.2610. As we see on the chart and as long as the market keeps holding below 1.2580-1.2610, more drop toward 1.2300 will be expected.…
Read More