gbp update

  1. syamfx2020


    GBPUSD hits a fresh 5 month low of 1.3607. On the downside, the next key support is near 1.36/1.3580. While on a weekly, if the GBP holds above 1.3540 there are chances the currency pair eventually rise back to above 1.3700.
  2. syamfx2020

    GBPUSD key levels to watch today

    GBPUSD hovers near the previous session low after the release of the BOE financial stability report. If the bearish momentum continues the next downside levels to watch the 1.3810/00 and 1.3780. On the flip side, the 1.3900 remains the crucial resistance area to watch.
  3. syamfx2020

    GBPUSD key levels to watch this week

    The GBPUSD enjoying the upside rally. The price crossed 1.3900 resistance level on Monday European session. The next upside levels to watch 1.3920/40 and 1.3990. On the flip side, the first immediate support can be found in 1.3860/30 and then 1.3770.
  4. syamfx2020

    GBP/USD: technical levels to watch this week

    GBP/USD trading near the supply zone 1.3390-1.3420. The key technical levels to watch: Resistance: 1.3400/10 and 1.3483 (September high) Support: 1.3340/20 and 1.3280
  5. syamfx2020

    DAILY MARKET REPORT - Thursday, June 18, 2020

    The British pound down on Thursday ahead of Bank of England monetary policy decision later today. The market participants expect the central bank will announce an increase in its asset purchase program by at least GBP 100 billion. EQUITIES Asian markets slipped on Thursday, Japan’s Nikkei 225...
  6. syamfx2020

    The pound rebounded from the short term support

    GBPUSD recovered from the early losses against the US dollar after buyers found short term support near the 1.2160 area. Overall the movement remained bullish throughout the Asian session, at the time writing the pair trading near 1.2270. Meantime, UK Prime Minister Boris Johnson announced that...
  7. Jarratt Davis

    GBP Analysis - 1st of June

    As long as the BoE maintain their conviction to raise rates circa 2017, GBP will be fundamentally a long-term bullish currency however this will remain largely irrelevant until the June 23 referendum has passed, as polls drive short-term direction. GBP Analysis Interest Rate Official Bank...
  8. Jarratt Davis

    GBP Analysis – 20th of May

    GBP/USD fell over 400 pips during the first half of May, before rallying 300 pips between the 16-18th as swings in Brexit polls continued to drive sentiment in sterling. Upside was capped on the 17th with a miss on CPI readings for April; Core CPI was flat for the month and down to 1.2% y/y...
  9. Jarratt Davis

    GBP Analysis – 3rd of February

    The BOE still plans to hike rates in late 2016 or early 2017, and this gives the currency strength to GBP fundamentally, however, the BOE cannot hike rates until they see inflation moving higher, towards the 2% target. Until this occurs, rate hikes will continue to be delayed. Read my full GBP...
  10. Jarratt Davis

    GBP Update 18th of December

    In the short term the GBP has the potential to weaken further as the market reprices BOE expectations. Read through my GBP update bellow to familiarize with the latest changes. The BOE still plans to hike rates in late 2016 or early 2017, and this gives the currency strength fundamentally...
  11. Jarratt Davis

    GBP Update – Forex Trading Tips

    The Great British pound is – equally with the USD – the strongest currency out of the eight majors and we expect this bullishness to remain in the medium-term. Pullbacks are to be expected and may provide good long opportunities. Interest Rate Official Bank Rate: 0.50%...
  12. Jarratt Davis

    GBP Update - Forex Trading Tips

    Today's calendar is light with some tier 2 data and a speech from Carney during the NY session. We continue to monitor news regarding Greece. I prepared the GBP Update in order to keep you up-to-date with the latest changes in the market. Fundamental Bias: Bullish Interest Rate...