Pound Sterling (GBP)

GBPUSD steady ahead of BoE decision Cable remained bullish after jumping over 200 pips, with the BoE interest rate decision being up next. The price could continue to be skewed to the upside after breaking the 1.3200 level. The RSI’s…
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As we see over the chart, GBPUSD facing resistance around 1.3240-70 which could push for another drop toward 1.3090 and 1.3000. Above 1.3270 the market could have chance for farther advance toward 1.3435. SUPPORT RESISTANCE…
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The BOE is widely expected to keep rates on hold at its Thursday meeting, which will be a key BOE Rate Decision. But one major caveat is that inflation data coming out on Wednesday is at least near expectations. Several aspects of the rate…
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GBPUSD hit below the support of 1.3050-70 which could add more of a drop toward 1.2820-50. Prices hit a rebound on US Inflation data with Intraday resistance at 1.3200-20. As long as the market hold below the zone 1.3200-20, more of a…
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USOIL Oil in Free Fall WTI Oil prices plummeted further, with WTI breaking below a multi-month low. A limited bounce off 68.00 saw some consolidation. A subsequent drop below 66.00 invalidated the double bottom, forcing early buyers to…
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GBPUSD also dropped and is now closing to the support zone 1.3050-70. As long as the market holds above 1.3050-70 a chance for another advance toward 1.3300 and 1.3480 is still valid. Below 1.3050 the market could head for a drop to…
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GBPUSD also dropped and is now closing to the support zone 1.3050-70. As long as the market holds above 1.3050-70 a chance for another advance toward 1.3300 and 1.3480 is still valid. Below 1.3050 the market could head for a drop to the…
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Dowjones index (US 30) struggles for support The Dowjones index fell as investors assessed the fallout from a weak jobs report. On the chart, the price has pulled back towards 40000, and a series of lower lows with limited upside…
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SPX 500 retreats as stocks tumble The S&P shed a few points amid concerns about slowing growth within the American economy, with stocks tumble. The market seems to be very jumpy to any incoming data, especially SIM and NFP numbers.…
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GBPUSD fell below the support of 1.3170 and prices now face a second support at 1.3050-70. The market could hold this trading zone between support 1.3050-70 and resistance 1.3170 As long as the market holds above the support…
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