Tag - gbp

In April this year consumer prices in Great Britain edged up by 0…

On Wednesday, the euro and British pound approached their five month-lows after the disappointing economic reports…

We should keep an eye on the nearest support at 1.3300 - 1.3266 as the next bearish target...

The US dollar managed to recover after a slight fall. The US dollar index is near $93.80.

On the daily chart, GBP/USD keeps correcting to the long-term uptrend. Bulls tried to return the pair inside the previous consolidation range of 1.3455-1.3615.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market tested Kijuns’s resistance and returned to Monday’s lows.

GBP/NZD reversed from support zone Next buy target - 1…

It seems like the rally of the greenback has ended. On Monday, the US dollar index was below $93.50. Tuesday’s attempts to recover are not successful. The index is below $93.40. No important economic data will be released today.

The 55 Moving Average acted as resistance. Therefore, we're going to have a bearish correction towards the closest support...

This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target.

Last week was highly positive for the US dollar, so, it managed to end the Friday’s trading above 93.50.

The main intraday target is the next support at 1.3380 - 1.3344. A pullback from these levels could be a starting point for...