GBP/USD momentum is bearish and resistance lies at 1.3260 (resistance line). Hence, there are chances of a dip to 1.2990
Sulman's Blog
GBPUSD DOWN
Short positions below 1.3350 with as long as the resistance at 1.3470 is not surpassed i think down trend near 1.3100
GBPUSD DOWN NEXT MONTH
GBP/USD has resistance at 1.3950 and moving averages are turning down. Hence, we expect a dip back to 1.3600. Above 1.3950 to open 1.4050
GBPUSD UP MOVE
GBP/USD has resistance at 1.4080 and moving averages are turning down. Hence, we expect a dip back to 1.3840. Above 1.3950 to open 1.3986
GBPUSD DOWN
GBP/USD continues to remain bullish but MACD has diverged. Hence, while below 1.3975 we expect a dip to 1.3765
GBPUSD DOWN TREND
The US Dollar fell against the Pound in the previous session following reports that the number of people claiming jobless benefits in the US rose more than expectations in the last week while the Philadelphia Fed manufacturing index fell less than forecast in April, dampening the economy outlook. On the 1H chart, the pair is trading with a bearish tone ahead of the retail sales data in the UK to be released today. Moreover, a negative centreline crossover by the MACD, further substantiates the a…
GBPUSD UP TREND
gbpusd modest down against the US Dollar in Friday’s session. As of now, the pair is trading with a slightly bullish tone on the 1H chart, indicating at the bullish momentum in the near term. Moreover, the MACD indicator has recently witnessed a signal line crossover from above, suggesting at possible correction in the coming session where EMA 55 is located, followed by the 1.3360 and 1.3340 levels. On the other hand, key technical resistance is situated at the 1.3658 level,
GBPUSD DOWN TREN NEXT MONTH
GBP USDPositive if breaks above 1.2840The Pound traded higher for the second successive session in the last session to close at 1.2783, after making a high at 1.2805. Currently, the pair is trading with a bullish showing on the 1H chart, ahead of the formal start of Brexit negotiation that is set to kick start today. Also, the MACD indicator is trading in the positive territory, hinting at the presence of bullish momentum in the coming session. Key near term resistance to be watched is positione…
GBPUSD DOWN TREND
GBP USDNagitive if breaks above 1.2940The Pound traded higher for the second successive session in the last session to close at 1.3130 after making a high at 1.2805. Currently, the pair is trading with a bullish showing on the 1H chart, ahead of the formal start of Brexit negotiation that is set to kick start today. Also, the MACD indicator is trading in the positive territory, hinting at the presence of bullish momentum in the coming session. Key near term resistance to be watched is positioned…