Pound Sterling (GBP)

USOIL struggles for support WTI fell further as persistence concerns over demand persisted. As the daily RSI fell into the oversold area, bears will need to take a breather after they cleared the August low of 71.45. A drop below the…
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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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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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GBPUSD still holding above the support of 1.3170 which was tested in the last two days. If the market holding above 1.3170, more advance will be expected with resistances at 1.3300 and 1.3480. Below 1.3170 more of a drop to test…
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GBPUSD is still holding above support 1.3170 which the market tested in the last few days. If prices hold above the support 1.3170, more advance will be expected with resistances at 1.3300 and 1.3480. Below 1.3170, more of a drop…
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GBPUSD managed to add more of an advance above 1.3150 last week. The market now faces supports around 1.3170 and 1.3050-70 and if prices hold above one of those supports, more advance toward 1.3300 is expected. Below 1.3050, the…
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S&P 500 index reaches for another record The S&P 500 index resumed the climb after the latest FOMC minutes hinted at a rate cut at the next meeting. Most officials supported a September rate cut if inflation continued to drop.…
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GBP/JPY stuck sideways The pound bounced back after the recent bearish rally, which saw over 1000 pips wiped off the valuation of the pair. A decisive close above the immediate resistance of 190.00 prompted sellers to cover their bets…
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After a very busy week of economic data out of the UK, the conclusion seems to be that the Pound Sterling price is due for some weakness, Particularly against the dollar in the lead-up to the Jackson Hole Symposium. Though the immediate…
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GBPUSD managed to advance above 1.2870 the resistance which could push for a further advance. The Market managed to hit the first resistance around 1.2940 which could push for some profit taking. As we see on the chart, the market faces…
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