GBP USD 개요

What will move the market this week? This week may fairly be called a week of monetary policy reports. On Wednesday, Thursday, and Friday, we will have the US Fed, Bank of England, and Bank of Japan provide their interest rates and monetary policy reports respectively. Therefore, it makes sense to e...

What happened? UK jobless rate surged to its highest level in almost five years in the fourth quarter. However, it wasn’t a surprise as analysts accurately predicted this outcome since these days the UK has to cope with two serious problems simultaneously: Covid-19 and the post-Brexit period. The go...

GBP/USD has lost bullish momentum. The pair has tested the highest levels since April 2018 this week, but the W1 chart shows the declining Awesome Oscillator and, on the D1, the price went too far away from the key Moving Averages. The level of 23.6% Fibonacci retracement at 1.3795 is in the focus o...

The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1. As a result, it has the scope to retest the previous resistance at 1.3750 if it manages to break above 1.3700 (50-period MA on the H4). Trade idea for GBP/USD BUY 1.3710; TP1 1.3720; TP2 1.3736; SL 1.3695 ...

Another weekend missed – another deadline missed. “Differences remain”. So, the pound dropped – here is what we have. Against the US dollar, it was at the highs of 1.36 as the weekend was rolling in. But the deal wasn’t being rolled into the negotiations table, so the optimism left. As did GBP/USD: ...

EUR/USD The dollar eventually softened enough to give way to the Euro: the currency pair broke through the key resistance of 1.20 recently and climbed above 1.21. Tactically, EUR/USD is now in an upswing that started in February. If that upswing makes its way through 1.22 up to 1.24 and above, it wi...

EUR/USD: back into the channel This currency pair is definitely going through fierce fluctuation. The recent rise to 1.19 followed by a plunge to 1.18 and correction confirms that. Now, EUR/USD is back at 1.1850 – that’s the downside of the core channel it’s been going through. That means it makes s...

The pound has been pretty strong lately. Possibly, on the latest “news” (that’s been like that since summer though) that by early next week we may finally see the Brexit deal sealed. So on the surface, just watch the resistance of 1.33 for bulls, and 1.3220 for bears. But that’s not the most interes...

GBP/USD has bounced off the key support of 1.30 and turned to the upside. The pound is widely anticipated to rally further amid rising hopes for the end of Brexit talks this weekend on Halloween. Telegraph reported that the EU and the UK have already agreed on 90% of the deal. Chances are really hig...

Brexit is stalled, but both the EU and the UK express hopes for a successful resolution. These hopes recently sparked an aggressive spike the GBP went on against the EUR and the USD. What’s the technical outlook? GBP/USD As surprising as it may sound, those strong moves don’t introduce any change in...

Since July, the movement of GBP/USD has been contained between 1.27 and 1.34. At the beginning of September, the GBP reached a high of 1.34 against the USD while the stock market was seeing its new highest high, and things seemed pretty fine around. Later on, September saw the currency pair drop to ...

Bank of England Governor Andrew Bailey delivered a speech today. Let’s discuss what it means for a trader. The Bank of England cautioned that rising new virus cases in the UK may jeopardize the economic outlook, therefore, the bank needs to take hard actions to support the British economic activity ...

The UK Prime Minister Boris Johnson claimed that the Brexit agreement may come to a dead end as both sides decline to meet it halfway. He mentioned: “if no deal reached by October 15 with the EU, both sides should accept that and move.” Moreover, the Financial Times stated that the UK Government is ...

The governor of BoE Andrew Bailey will make a statement today at 17:00 MT time. Notably, the market becomes often volatile during his speeches, as traders try to get some hints on the future monetary policy and also interest rates. As for the interest rates, they are expected to stay unchanged. Spea...

GBP/USD rose to the critical level of 1.33. It is critical because it is a strategic resistance opening the door into the channel of 1.33-1.34. This channel has been capping the upside of GBP/USD for the last 2 years. Since Summer 2018, the British pound has never been able to step over this mark ag...

Fundamentals The British pound surged higher amid the optimistic news of the upcoming Brexit agreement. Recently, David Frost, the chief EU-UK negotiator, claimed that the deal may be done in September. Just to remind you, the deadline is scheduled for December 31. Meanwhile, it’s always the EU, whi...

Almost all currencies have loosened against the greenback today, but the GBP keeps rallying. How is it possible? What happened? As you can see below: the Australian dollar and the Euro weakened today amid the overall risk-off market sentiment. It was caused by the fresh resurgence of new virus cases...

The economic background is still pretty heavy these days. The WHO warns that the worst is still to come in relation to the virus, and world state authorities are lowering their expectations of the economic output of their respective countries. Nevertheless, the risky mood doesn’t want to stay neglec...

Investors are confused as both negative and positive factors weigh on GBP. Which side will win? Let’s get it sorted out. We can notice on the GBP/USD chart that the price is stuck near 1.24. Most traders can’t choose the team: bears or bulls. What's happening now? On the bearish side, the Bank of En...

On the D1 chart of GBP/USD the price action conforms to the bearish “Crab” pattern. Currently the market is trying to find the point D. The difficulty with harmonic pattern is that it provides a potential range of reversal and not the exact level. For GBP/USD, this range is between 1.2650 and 1.2760...

GBP/USD formed a “Piercing line” pattern on the D1. The pair rose to the resistance line that connects April 30 and May 8 highs. There is something similar to an “Inverted Head and Shoulders” pattern on the chart. However, entering bullish positions will be sensible only if the pair rises above 1.22...

In the current financial turmoil, the British pound doesn’t look like the currency of choice. At least, not versus the US dollar or the Japanese yen. GBP/USD retraced more than 78.6% Fibonacci of the 2019 advance. Last week was the worst for the pair since the Brexit referendum. Despite the fact tha...

GBP/USD had been rejected down from the 200-week MA in the 1.3033 area. Then it fell below the 100-week line at 1.2950. On Wednesday, the pair closed below the 200-day MA (currently at 1.2936). As long as it is trading below this level, the technical picture will remain bearish. There may be some su...

Last week GBP/USD has failed to stay above the 200-week MA (1.3065) for the second time. The pair has made a series of lower highs and is currently testing levels below the key psychological level of 1.30. The next important level on the downside is support at 1.2950 (the line connecting November an...

The upcoming year opens a new decade. The events of Blade Runner would have already taken place. Do you feel that the future is here? In this article, we look at the economic side of things. Will the trends we observed in 2019 continue in 2020? What will happen with the global economy? And, finally,...

Trade ideas SELL 1.2924; TP1 1.2905; TP2 1.2890; SL 1.2935 BUY 1.2955; TP 1.2975; SL 1.2945 GBP/USD met resistance at 1.2950 (resistance line connecting the highs of November). The Awesome Oscillator on the D1 is declining. It means that the pound doesn’t have a lot of bullish momentum to keep pushi...

Trade idea SELL 1.2790; TP 1.2730; SL 1.2815  GBP/USD formed a lower high at the start of this month, pressured by the strong resistance in the 1.30 area. The Awesome Oscillator is declining on the D1. The decline below support at 1.28 will confirm a “double top” and lead the price down to 1.2730 (5...

Trade ideas BUY 1.2505; TP 1.2700; SL 1.2485 SELL 1.2485; TP1 1.2440; TP2 1.2390; SL 1.2500 GBP/USD is having a third bullish week in a row. The pair has reached our previous buy target at 1.25 and may be up for more given its clear attempt to form a base around 1.20 and the previous break above 1.2...

Trade ideas SELL 1.2645; TP 1.2600; SL 1.2665 GBP/USD got once again rejected down from 1.2760. The 50-day MA is having a bearish bias and creating further resistance at 1.28. On H4, we see that support is provided b the 50-period MA at 1.2650. The decline below this level will confirm a temporary t...

Trade idea SELL 1.2650; TP 1.2560; SL 1.2680 There’s a bullish divergence on the daily chart of GBP/USD. The pair is currently testing levels above 1.2560 (May low). If the US Federal Reserve is dovish, the pound will be able to get to 1.2650 area (100- and 50-period MAs on H4). However, given the p...