There's a 'V-Bottom', so it's likely that the market is going to test the nearest significant resistance...
Tag - gbp
Canadian inflation data, Fed Chairman Testifies and crude oil inventories figures are on the stage for today
Key levels for EUR/USD and GBP/USD
The price has been rising since the last 'V-Bottom' formed, so all the Moving Averages turned out to be broken...
GBP/USD continued its recovery yesterday. The pair rose to the 50-week MA at 1.3150. It’s quite natural to assume that this line will act as resistance.
Find out the main market movers for the current week
The market sentiment is on!
Do you want to get clues on the most important economic events this week? Watch our latest outlook!
If the market breaks the low of the last 'V-Bottom' (1.3011), there'll be a moment to have a downward correction...
GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area.
Let’s face it: the famous safe-haven Japanese yen is the most undervalued major currency right now. Let’s find out the reasons behind this performance of the Japanese currency.
GBP/USD regained some ground on the weakness of the USD and the optimism about Brexit.