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1.4945 0.001 (0.07%)
21:43:02 (GMT)
Bid 1.4922
Ask 1.4968
Open 1.4934
High 1.5054
Low 1.4916
 

Daily Technical Analysis

The GBP/USD pair initially broke higher during the course of the session on Friday, but as you can see struggled at the 1.50 level. By doing so, the market turned back around and formed a shooting star at the perfect...
An extremely strong recovery effort this week, now above 1.4888 has significantly eased bearish extension risks, with threat of securing a base above 1.5013. However, with key resistance at 1.4973/95 capping, we see bearish pressures intact from the recent plunge to a...
The GBP/USD pair rose again during the session on Thursday, as we start to get fairly close to the 1.50 handle. This is an area that should be rather resistive, so we will have to wait to see whether or...
More GBP/USD Daily Technical Analysis

Weekly Technical Analysis

The GBP/USD pair shot straight up during the course of the week, but has run into a significant amount of resistance at the 1.50 level. Because of this, we appear that this market is going to seriously press upon the...
The GBP/USD pair broke down during the course of the week, slicing through the 1.48 level. In fact, we made a lower level at one point, so we feel that the market is going to continue to grind down to...
More GBP/USD Weekly Technical Analysis

Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD soared 101 points as the US dollar continued to decline. Strong jobs data from the UK helped support the currency. The pound climbed to 1.5035. The number of employed rose by 248,000 from November to...
Analysis and Recommendations: The GBP/USD eased 11 points to reach 1.4831 as UK data was nonexistent yesterday and today. UK political news could encourage some movement in the Pound Sterling exchange rate, but investors are more likely to be looking...
Analysis and Recommendations: The GBP/USD continued to fall as the dollar gained and traders watched the UK elections. The pound fell to trade at 1.4741. Sterling fell a third of a percent against a broadly stronger dollar on Wednesday, but...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:  The GBP/USD could not hold above...
Weekly Analysis and Recommendation:  The GBP/USD saw a lot of...
More GBP/USD Weekly Forecasts

More GBP/USD Report

 
June Comex Gold rallied on Friday on the heels of the weaker U.S. Dollar. The Greenback was under pressure because of concerns over the timing of the Fed interest rate hike. Soft U.S. economic data is raising concerns that the Fed will abandon a June rate hike...
A weaker U.S. Dollar led to a strong surge by the Euro and British Pound while gold surprisingly weakened along with crude oil. Weak U.S. economic reports were behind the rally by the EUR/USD and GBP/USD although technical traders will say it was oversold conditions. On Thursday...
The GBP/USD pair initially fell during the session on Wednesday, but found enough momentum to the upside to break above the 1.48 handle. This of course is a significant breakout in terms of the beginning of the pattern, but at the end of the day we still...