Pound Sterling (GBP)

Dow 30 index (US 30) looking for bids The Dow 30 index remained subdued after failing to recapture its recent record high. As sentiment is still cautious, a limited bounce above 43000 could give bulls what they need to re-enter the…
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GBPUSD managed to sustain trades below the resistance 1.3075 and dropped toward 1.2944. As long as the market holds below 1.3075,the downtrend pressure could continue toward 1.2820-50. Above 1.3075, the market could have the chance for…
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GBPUSD hit a correction toward 1.3070 as the market still holds below the downtrend line which keeps the pressure on. As long as the market holds below 1.3075, the bearish pressure could sustain toward the 1.2820-50 zone. Above…
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GBPUSD pair drifts south Cable remains downbeat as the strength of the dollar is prominent across the board. The RSI’s venture into the neutral area could cause a snap higher if sellers start to take chips off the table. However, bears…
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GBPUSD fell below the 1.3000 support level which could push for a further drop. As we see over the chart, Intraday levels show resistance around 1.3075. If prices remain below it, then the downtrend pressure could sustain toward 1.2820-50.…
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If prices hold above the support of 1.3000, a rebound correction will be expected toward 1.3150-75 and above. The market today hit a few pips below 1.3000 with UK CPI data before rebounding. Below 1.3000 the market could head for a…
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If prices hold above the support of 1.3000, a rebound correction will be expected toward 1.3150-75 and above. Below 1.3000 the market could head for a drop toward 1.2935 and 1.2820-50. SUPPORT RESISTANCE LEVEL1 1.3000…
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Somewhat counterintuitively, cable hit a one-month low on Friday after UK GDP improved, although in line with expectations. It appears that traders are assessing that the shifts in central bank outlooks, particularly BOE easing, are leaving…
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GBP/USD is signaling a chance for a rebound, although resistance at 1.3175 may continue to exert downward pressure. The intraday support level is around 1.3060; if the market falls below this level, it may head for further declines.…
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GBP/USD shows signs of a potential rebound, but resistance at 1.3175 may continue to apply downward pressure. Intraday support is around 1.3060; if the market falls below this level, it may lead to further declines, while…
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