Pound Sterling (GBP)

GBPUSD advanced above the 1.2870 resistance which could move higher as previously stated. As we see on the chart, prices face supports around 1.2870 and 1.2800 and if process remain above one of those supports, more advance will be…
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GBPUSD is still facing downtrend pressure as the market signals a move towards 1.2450. As we see on the Intraday chart, prices face resistance around 1.2840-70 and if prices remain below it, the drop could sustain toward 1.2450. Above…
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GBPUSD probes for support Cable moved higher as April’s unemployment rate fell more than expected. A break above 1.2800 has further put the bears on the defensive. On the chart, the pound is still in a downtrend, meaning that the…
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GBPUSD is still facing downtrend pressure as the market signals a move towards the 1.2450 target. As we see on the Intraday chart, prices face the resistance zone around 1.2840-70 as below it, the downward pressure could sustain toward…
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The S&P500 index covers the gap The S&P500 index advances as the index notches its best day since 2022. The rally accelerated after breaking above the previous gap at 5280, and a rising trend line with a steep angle indicates…
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The shake-up in the markets this week has changed a lot of the fundamentals of major currencies. The UK is no exception. Before last weekend, markets were tentatively pricing in one more rate hike from the BOE. Now they are moving towards…
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USDCHF struggles for bids The US dollar tried to stabilise after the recent sell-off in global markets, which saw the pair drop over 400 pips. An oversold RSI on the daily chart is a significant sign of exhaustion and could cause a…
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GBPUSD still facing downtrend pressure with prices moving toward the 1.2450 target. As we see on the Intraday chart, the market is facing resistance around 1.2840-70. If prices remain below it, then a drop could sustain toward 1.2450.…
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USDJPY looking for another high The Yen stopped short of overturning a lift against the dollar as the pair rose towards another high. According to the latest USDJPY forecast, The pair cut through the round number of 161.00, which sat at…
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So far, the pound has been one of the winners of the General Election. Cable has generally been higher over the course of the campaign, as polls showed who would win by a wide margin. And, unlike in France, the polls ended up being largely…
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