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GBP/USD

RahmanSL Posted 21 June as Analysis on GBP/USD, Target: 1.265, Date: 1 von August, 12:00 GMT in #Technical analysis #GBP/USD #Probable Direction Of GBP/USD

Currently it is difficult to say what factors could push cable above 1.31 area, or, from another side - weaken the dollar to let GBP move above 1.31. Price action in recent weeks is not strongly bearish.
Despite volatility around elections, overall action looks rather gradual here.
Possible will range between 1.240 to 1.265 area through to next week.

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GBP/USD

RahmanSL Posted 3 Sep. as Analysis on GBP/USD, Target: 1.325, Date: 1 von November, 12:00 GMT in #Technical analysis #GBP/USD

After an upbeat speech from Janet Yellen, a September rate hike is back on the table. British numbers have been surprisingly strong since Brexit, but concern remains about the strength of the UK economy, and it’s questionable if Q3 data will continue to look solid.
Ending Friday 2-Sep-2016, the GBP/USD gave back its earlier gains, but managed to stay positive for the session. The price action suggests that investors are increasing betting that the BOE will pass on an interest rate cut at its Sep…

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GBP/USD

RahmanSL Posted 19 Aug. as Analysis on GBP/USD, Target: 1.3041, Date: 3 von October, 12:00 GMT in #Technical analysis #GBP/USD

On Monday, GBP posted its lowest close in almost 15 years near 1.2880 after rallying 300 points to its highest level in two weeks near 1.3175.
Thursday leg up was triggered by a much stronger than expected retail sales report which posted a 1.4% gain versus a median forecast of around .1%. Weaker Sterling has apparently attracted tourists and boosted demand across the UK.
Next week, I we expect the broader-based UK GDP data will reflect more negative aspects of the Brexit result and print lower …

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Trading the GBP/USD

RahmanSL Posted 9 July as Analysis on GBP/USD, Target: 1.285, Date: 1 von September, 12:00 GMT in #Technical analysis #GBP/USD

In an article which I have read, updated June 27, 2016, at INVESTOPEDIA site: George Soros, the billionaire investor and man that "broke" the Bank of England failed to short the British pound leading into last week's momentous vote by Britain to leave the European Union. "He did not speculate against sterling while he was arguing for Britain to remain in the European Union," a spokesman for Soros said on Monday. "In fact, he was long the British Pound leading up to the vote." As chairman of …

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GBP/USD

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Trading the GBP/USD