Tag Archives: GBP/USD

GBP/USD- Bounced From Its Support Zone As Predicted

Bull ScenarioThe GBPUSD pair is bouncing from its major support zone which was given in our analysis on the 10th of May. The price action also pierced the Bollinger band at this level support. The piercing of the Bollinger band … Continue reading

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GBP/USD Breaks Below Trend Line Support

The GBP/USD is breaking below the support of the upward trend line from 1.4831 to 1.5034, suggesting that the uptrend from 1.4831 (March 12 low) had already completed at 1.5605. The pair is now in downtrend from 1.5605. Further decline … Continue reading

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GBP/USD Ceases Downtrend, Holding Above 1.52

GBP/USD Open 1.5279 High 1.5323 Low 1.5195 Close 1.5264On Thursday Pound/Dollar increased with 100 pips. The Cable appreciated from 1.5195 to 1.5323 yesterday, in line with the negative money flow sentiment at around -25%, closing the day at 1.5226. Today … Continue reading

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GBP/USD: Strong Gains After Weak US Data

The British pound continues to push hard against the US dollar. GBP/USD has crossed above the 1.52 line in Thursday’s North American session. The pound has taken advantage of disappointing US numbers earlier today, as GDP, employment and housing numbers … Continue reading

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GBP/USD Edges Up As Markets Eye UK Inflation Figures

The currency markets have started off the trading week with a whimper rather than a bang ,and GBP/USD has not been an exception to this trend. The pound lost over a cent on Friday, as the US dollar was broadly … Continue reading

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Pound Trading Tad Higher In The Asian Session

GBP/USD” title=”GBP/USD” width=”837″ height=”573″ />For the 24 hours leading to 23:00 GMT, the GBP rose 0.70% against the USD and closed at 1.5130.In economic news, the U.K. Confederation of British Industry (CBI), in its monthly Distributive Trade Survey, reported that … Continue reading

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GBP/USD Slips Further, Approaching 1.51

GBP/USD Open 1.5155 High 1.5272 Low 1.5111 Close 1.5144On Tuesday, the GBP/USD decreased significantly by 160 pips. The Cable depreciated from 1.5272 to 1.5111 yesterday, in line with the negative money flow sentiment at under -17% and closing the day … Continue reading

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Pound Slips After Strong U.S. Data, Trading Higher In Morning Session

GBP/USD” title=”GBP/USD” width=”1560″ height=”799″ />For the 24 hours leading to 23:00 GMT, the GBP fell 0.55% against the USD and closed at 1.5026. The US Dollar gained on inspiring consumer confidence and home prices data.amid lack of domestic economic news.In … Continue reading

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Bernanke Spurs USD Ahead Of European PMI And UK GDP

Heavy data day, today, provided some interesting price action.First up more poor economic data out of the UK continues to weigh on GBP/USD and the pair sunk in early trading. Thursday sees more UK data in the form of GDP … Continue reading

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Japan’s Economy Shows Expansion In Q1 2013

GBP/USD” title=”GBP/USD” width=”1758″ height=”808″ />On Friday, the USD strengthened marginally against the JPY to close at 97.43.In economic news, preliminary reading of Japan’s leading economic index rose to 99.30 in April while preliminary reading of the coincident index advanced to … Continue reading

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