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GBP/USD Analysis April4th
The 1.4250 price level has acted as strong level of resistance on this pair as price has fallen back sharply to the 1.4000 support level, the price currently is in consolidation phase, with threats to the downside. the break of 1.4000 support level will open the door for price to test lower support levels on the pair which are 1.3900 and further down 1.3750 price.
GBP/USD Analysis Nov 3rd
After sharp decline yesterday the GBP/USD pair is in consolidation phase before the Nonfarm Employment Change data from the USA today, the bearish pressure on the pair is strong and in my view the price will fall further to target the 1.2800 support area, the immediate level of support for the pair is 1.3025, while the intraday resistance level is at 1.3130.
GBP/USD Analysis
The important resistance level of 1.3290 is holding price from further bullish movement, the price is right now in consolidation phase before the Bank of England rate decision news, in my view the hawkish stance of the bank has already been priced in by the market, so I don,t expect a strong bullish reaction. The pair has support levels today at 1.3240 and 1.3200, break of these support levels can start a reversal to retest the important lower support level of 1.3100.
GBP/USD Intraday Analysis
The GBP/USD pair after a strong bullish run has hit the important resistance level of 1.3290, I am expecting a retracement at this important resistance level, price seems tobe overbought as the price has been bullish without any retracement from the 1.3070 level.Today we have intraday support levels at 1.3240 and 1.3200, its high probability that price may dip down before any further bullish run.
GBP/USD Analysis
The GBP/USD currency pair is currently in an uptrend, after the break of 1.3000 resistance level the significant and important resistance levels of 1.3450 and 1.3500 seems to be the target for this bullish price action. This week there are very important news releases both from UK and USA so high volatility is expected on the pair with strong threats of bullish price action targeting the 1.3500 resistance level.
GBP/USD May4th
Price on this pair has fallen after testing the 1.2950 resistance level, price on the pair is making lower lows and lower highs signalling a retracement , the recent push down has taken the price to 1.2830 level, but the price has bounced back up in anticipation of Services PMI data and other news releases from the UK. In my view the pair will again test the significant support area of 1.2750-1.2770, this is very strong support level for the pair and it will be difficult to break after the recen…
GBP/USD 3rd May
Today price on the pair has again fallen sharply after testing the important resistance level of 1.2950 making a low of 1.2884, but price has bounced back to the upside in anticipation of good Construction PMI data from the UK, there are also important news releases from the USA today, so volatile price movements are expected .The 1.2950 level has been acting as tough resistance level to break and the price is overbought after the recent bullish run so there are higher probabilities of a deeper …
GBP/USD 2nd May
Today price on the pair has made a low of 1.2865, apparently the price level of 1.2950 and 1.2900 are acting as strong levels of resistance after the recent strong bull run, price right now is in consolidation phase with important news releases expected this week. Today much better then expected Manufacturing PMI data from the UK has given strength to the GBP, as price has tested the 1.2900 resistance level again.
GBP/USD 1st May
Today because of holiday there is low market volatility, the trend on the pair is strong bullish , in this thin market I expect the price to hit 1.3000 level, price yet has made a high of 1.2965 and retraced back to the 1.2900 level, where I have placed a long order as the trend is strongly bullish, now the price is slowly rising, there is no holiday in the Us session and also ISM Manufacturing PMI data is going tobe released today, so I am expecting price to hit my expected target.
GBP/USD Analysis 4thApril
The 1.2550 level has acted as strong resistance for this pair, price seems tobe set to target the 1.2400 support level again, also less then forecast Construction PMI data today from the UK can generate even more bearish pressure, taking the price down to test the 1.2350 and 1.2300 support levels.