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1.5232 -0.0019 (-0.13%)
7:29:51 (GMT)
Bid 1.5232
Ask 1.5233
Open 1.5249
High 1.5254
Low 1.5222
 

Daily Technical Analysis

The GBP/USD pair went back and forth during the session on Thursday, showing that the 1.52 level below continues to be supportive. In fact, it is not until we break down below there that we would feel comfortable selling this...
The EUR/USD is trading better in reaction to positive comments from European Central Bank President Mario Draghi. He helped turn the market higher after early session weakness drove the Forex pair into a multi-year low. The rebound rally was triggered...
The GBP/USD pair broke down during the session on Wednesday, testing the 1.5250 region. With that being the case, it appears of the market is going to continue going lower, but we need to see the market break down below...
More GBP/USD Daily Technical Analysis

Weekly Technical Analysis

The GBP/USD pair initially tried to break out during the course of the week, but found quite a bit of resistance above the 1.55 handle. This is the top of what we recognize as the potential consolidation area in this...
A dip below modest chart support at 1.5341, but a strong rally rebound from 1.5316 to leaves upside pressures from the bullish extension last week and mid-February within the broader, non-trend, range theme. The firm February recovery effort above the key 1.5270 level and...
More GBP/USD Weekly Technical Analysis

Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD eased by 8 points as the US dollar continued its rally as traders saw the Bank of England doing as expected today and the HPI missed expectations by a small margin. The pound is holding...
Analysis and Recommendations: The GBP/USD dipped 25 points against the stronger US dollar which continued to gain today. Lackluster Services PMI data pushed the pound to trade at 1.5337. Sterling has been the strongest performer of the G10 group of...
Analysis and Recommendations: The GBP/USD added only 3 points against the stronger US dollar, as the pound was supported today by a better than expected Construction PMI release. The pair gained to 1.5367. Growth in Britain's construction industry jumped unexpectedly...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:   The GBP/USD closed the week down...
Weekly Analysis and Recommendation:   The GBP/USD dipped on Friday after...
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More GBP/USD Report

 
Weaker-than-expected services growth in the Euro Zone led to a sell-off by the EUR/USD on Wednesday. Position-squaring ahead of tomorrow’s European Central Bank policy meeting Thursday may have also led to some of the weakness. At tomorrow’s meeting, ECB officials are expected to give details of their...
The GBP/USD pair went back and forth on Tuesday, essentially settling on a slightly negative candle. At the end of the day however, we feel that this market has plenty of support in the neighborhood of the 1.5350 region, and therefore we are buyers on a break...
The greenback traded at 95.44 yesterday and is trading at 95.50 in the Asian session.  The dollar scaled a high of 95.57 intraday.  Traders continue to push the dollar as more and more Fed members support an interest rate increase in June. With the FOMC due to...