Pound Sterling (GBP)

GBPUSD managed to meet the target of 1.2800, as we advised in the last few weeks. As we see on the chart, should the market keep holding prices below 1.2800-15, a correction will be expected with supports at 1.2735 and 1.2640. Above…
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GER 40 begins correcting The Equities have seen a pullback in recent sessions as many have fallen from their record peaks. The Dax 40’s drop below the daily support 18700 has dented the short-term enthusiasm. However, bulls might not…
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NZDUSD cracks critical resistance The NZD (New Zealand dollar) continued the bull trend after breaking higher through the recent symmetrical triangle. A push above the demand zone around 0.6050 was a sign of strength, and a close above…
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XAUUSD tests support Gold falls from its recent record high as traders await numerous Fed speakers and meeting minutes. A fall below the daily support 2400 will dent the bullish mood, prompting buyers to trim their exposure in fear of a…
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GBPUSD tries to bottom out The higher beta pound bounces as risk sentiment recovers. The price may continue to be skewed to the downside after June’s swing low and the round number of 1.2600 failed to contain the corrective impetus.…
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The media, both from the UK and around the world, is abuzz with updates ahead of the coronation of a new Monarch in Britain for the first time this century. It will also be the first time that a British coronation will be broadcast on color…
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In the long term, a large wave y can be built on the GBPJPY pair as a triple zigzag. The final sub-wave Ⓩ is formed and is similar to a double zigzag. Perhaps two sub-waves (W) and (X) are constructed. The last actionary wave (Y) is…
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EURUSD seeks support The US dollar may struggle over slower consumer spending growth in February. On the daily chart, after securing bids in the demand zone around 1.0500, a bullish MA cross is a sign of acceleration to the upside.…
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