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1.6090 0.0058 (0.36%)
21:43:51 (GMT)
Bid 1.6085
Ask 1.6095
Open 1.6031
High 1.6098
Low 1.6017
 

Daily Technical Analysis

The GBP/USD pair initially fell during the course of the day on Friday, but found support yet again at the 1.60 level and bounced enough to break the top of the hammer from the Thursday session. This of course is...
EURUSD The EURUSD break of the support trend lines (greens) could indicate a completion of wave 4 (orange) at the most recent top (current wave X purple). In most cases however, wave 4’s take longer to compete in terms of...
The GBP/USD pair initially fell during the course of the day on Thursday, but tested the 1.60 level in found plenty of support there. That being the case, the market looks like it wants to go higher from here because...
More GBP/USD Daily Technical Analysis

Weekly Technical Analysis

The GBP/USD pair went back and forth during the course of the week, eventually forming a very neutral candle. The neutral candle suggests that the buyers are starting to make a little bit of noise here, and that we could...
The GBP/USD pair fell initially during the course of the week, but bounce significantly enough to form a nice-looking hammer. What is also interesting about this hammer is that it sits right at the 50% Fibonacci retracement level, and with...
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Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD moved between small gains and losses after Q3 GDP met expectations. The pound is down 6 points at 1.6037. Figures showed the UK economy slowing but in line with forecasts and still growing at a...
Analysis and Recommendations: The GBP/USD fell by 38 points to trade at 1.6012 after BBA mortgages and retail sales fell below expectations.  Sterling fell sharply against the dollar on Wednesday morning with the minutes from Bank of England's (BoE) latest...
Analysis and Recommendations: The GBP/USD tumbled after the release of minutes from the MPC’s last meeting. The pound fell 90 points to trade at 1.6024. Sterling fell sharply against the dollar on Wednesday morning with the minutes from Bank of...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation: The GBP/USD gained steadily on Friday...
Weekly Analysis and Recommendation:   The GBP/USD remained in a tight...
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More GBP/USD Report

 
The euro recovered in the Asian session after tumbling on Thursday to trade at 1.2657. This morning the euro added 11 points to rebound to 1.2657. Yesterday, Eurozone PMI’s reported on the upside along with Germany. The French manufacturing slid to 47.3 in October, from 48.8 the...
The GBP/USD declined for a third day after a report showing retail sales fell more in September than traders forecast. The led to increased concerns the economy was faltering. According to the Office for National Statistics, U.K. retail sales decreased 0.3 percent from August. Traders and analysts...
The GBP/USD pair fell during the session on Wednesday, but found the 1.60 level to be supportive as one would anticipate. Because of this, we are bit leery of getting involved as we are so close to a supportive level, but at the same time the candle...