gbp/usd

GBP/USD - Positive momentum is off the charts

Good morning, GBP 3-Drive Buy pattern on daily chart is ready to use. Whether it works or not - is rhetoric question, but anyway trading setup stands in place.

Good morning, GBP now is coming to 1.18-1.1810 target of daily bullish pattern. The pullback to 1.24 could happen, but we're mostly interesting on its failure, because of political crisis and weak fundamentals in UK. Downside breakout suggests action below 1.12 area in mid term.

Consumer inflation continues to gain momentum in the UK. Data for May showed that CPI accelerated to 9.1% y/y - a record among the G7 and a 40-year high. The monthly price growth rate was 0.7% compared to 2.5% and 1.1% in the previous two months. However, apart from the reversal to lower base...

Good morning, GBP shows thrusty intraday action and we suggest reaching of at least 1.2450 resistance area. Thus we do not consider taking any short positions by far:

Good morning, GBP hits major daily target and we expect tactical upside reaction. Still, as downside momentum is strong we suggest that 1.1850 could be reached and watch for 1.2185 resistance level for potential short entry:

Good morning, GBP has reached solid resistance area, that makes downside reversal and action to longer term downside targets very probable:

Good morning, GBP Today looks more interesting for short term trading, giving us potentially two trading setups at least. First, we watch for 1.2420-1.2450 resistance area where short position might be considered:

Good morning, Technical picture suggests that GBP should hit 1.25 and 1.20 level in mid term:

Good morning, GBP shows the upside reaction after reaching 1.27 butterfly target that we've discussed. EUR provides no interesting trading setups today.

Good morning, While EUR is consolidating around predefined support area, GBP keeps going to major target to complete big weekly pattern:

Good morning, While market stands quiet and waits for NFP report, GBP is forming nice bullish setup that could stand for the whole next week. Potential upside target is 1.37 area:

Good morning, We consider the 1.3370-1.34 support area as potentially attractive for a short-term long trade on GBP:

Good morning, While EUR is still forming the shape of pullback, let's take a look at something else... here is short-term GBP setup, but potentially it might be extended to 1.33 major daily target:

Good morning, GBP stands on a way down and probably should keep going, but currently, we have few reasons to suggest that pullback might happen that gives us a chance for short entry:

Good morning, as EUR shows no significant action by far, today we take a look at GBP and also update our previous setups - long-term EUR/GBP and Loonie dollar.

Good morning, While EUR is aiming on 1.17 lows breakout - we take a look at GBP intraday setup:

Good morning, Despite overall sentiment is not very positive on GBP - it could show moderate upward bounce in nearest time:

Good morning, GBP shows evident signs of preparation to upside breakout by our view:

Good morning, GBP stands at the eve of upside breakout and it might be interesting for long position taking: