Tag Archives: British pound

GBP/JPY Technical Analysis – Aiming At Triangle Resistance

Talking Points: GBP/JPY Technical Strategy: Flat Support: 171.53 (38.2% Fib exp.), 170.75 (23.6% Fib exp.) Resistance:172.17 (50% Fib exp.),172.80 (61.8% Fib exp., Triangle top), The British Pound advanced to a two-week high against the Japanese Yen after putting in a … Continue reading

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British Pound at Resistance As U.K. Retail Sales Unexpectedly Rise

Talking Points: UK Retail Sales Better-than-Expected in March British Pound Rises Against US Dollar British Pound Looks for a Lifeline Following Bank of England Minutes U.K. retail sales rose in March prompting a bullish reaction in GBP/USD. The better-than-expected figures support … Continue reading

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Pound At Risk Before Industrial Output Data; Euro Eyeing ECB Chatter

Talking Points: British Pound at Risk if Industrial Production Data Falls Short of Forecasts ECB Commentary in Focus for the Euro as Traders Build Policy Expectations Yen Outperformed on Haven Demand as Japan’s Nikkei 225 Fell Overnight UK Industrial Production … Continue reading

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Pound Looks Past Claims Data, USD Eyes CPI

Talking Points British Pound Unlikely to Find Lasting Driver in March Jobless Claims Data US CPI Figures Probably Don’t Have Scope to Meaningfully Boost USD UK Jobless Claims data headlines the economic calendar in European hours. Expectations point to a … Continue reading

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EUR/USD Expected To Proceed Above 1.09308 And 1.09609 Levels

Good morning. We are looking forward to an exciting new month ahead! British pound, Australian and US dollar pairs are on our watch list on account of the fundamental watch. We could be seeing a sidelined US dollar while Japanese … Continue reading

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Pound May Fall On UK GDP, Euro Engulfed In Greece Crisis Fallout

Talking Points: Greece Set to Miss IMF Repayment with As-Yet Unknown Euro Implications Pound May Decline if 1Q UK GDP Revision Weighs on BOE Rate Hike Bets See Economic Releases Directly on Your Charts with the DailyFX News App The … Continue reading

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Pound Sold Vs Yen On Trend Line Break

The British Pound turned lower against the Japanese Yen as expected, breaking support guiding the uptrend since mid-April. I have now entered short, initially targeting 190.91. A stop-loss will be activated on a daily close above 194.33. I will take … Continue reading

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USD Forecast Positive Until This Change

US Dollar Remains a buy versus the British Pound, Yen and New Zealand Dollar Outlook versus the Australian Dollar and Euro is less clear Weekly Summary of Forex Trader Sentiment and Changes in Positioning Sentiment And Positioning The US Dollar … Continue reading

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GBP And Trend Oscillators

The cycle of accumulation and distribution defines cause (building) for the British pound (FXB). The British pound, despite a bullish oscillation of leverage and sentiment (see leverage) that continues to lead an intensification of the Greece crisis, will likely resume … Continue reading

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Will Sterling Break 1.50?

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Tuesday’s worst-performing currency was the British pound. It experienced broad-based losses on the back of dovish comments from the Bank of England. In the first half of the … Continue reading

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