Category: GBPUSD

  • Looking ahead in the forex with a technical look at EURUSD, USDJPY and GBPUSD for Oct 7

    The week is off and running. What technical levels are there for the three major currency pairs for this trading day/week? In this video, I outline and explain where traders should focus not only today, but also as the week progresses. Euro against the US dollar: EURUSD fell sharply last…

  • The USD is lower on PCE data. What are the technicals telling us in EURUSD, USDJPY &GBPUSD

    US PCE data was below expectations and helped push the US dollar lower. For EURUSD, the price moved above the swing zone between 1.1181 and 1.11897. Next targets are at 1.1200 and this week’s high at 1.12130. Passing these levels will make traders target the 61.8% retracement of the downward…

  • GBPUSD Technical Analysis – The greenback pressure persists

    Basic overview The US dollar remains under pressure amid aggressive market pricing in interest rate cuts and a better outlook for global growth in the wake of China’s recent massive easing measures. It’s now a battle between global growth, which is fueling risk appetite and weighing on the US currency,…

  • The GBPUSD held support at the 100 hour MA today and is trading to a new high

    In the video earlier this morning, I highlighted the 1.3348 level as a key bearish gauge for GBP/USD today. A move below this level would be more bearish. Holding above it would be more bullish. Here is the reference for this level: Looking at the current hourly chart below, the…

  • Policy divergence should support GBP/USD flows

    Investing.com – The Federal Reserve kicked off its easing cycle by cutting interest rates by 50 basis points, while the Bank of England is seen as moving on a more gradual easing path. UBS said this divergence should continue to fuel positive investment flows into GBP/USD. The USD/JPY pair was…

  • The GBPUSD found seller near the 1.3358 target as outlined earlier today

    Earlier today in the introductory video, I talked about GBPUSD price action and the next target. In the review I said the following: At that time, the price was trading at 1.3324. So what happened? The price moved above the 1.3338 level and the price moved to the high swing…

  • GBPUSD holds the 1.3265 level on the downside. Bounces

    In the introductory video earlier today, I highlighted key levels for the GBP/USD pair. On the downside, the 1.3265 level has been a major support. Looking at the price action of GBP/USD since then (see chart below), the low for the day was 1.32676, just 2 pips below the targeted…

  • GBPUSD has a volatile day, but bounces off a key support level

    The GBP/USD pair had a volatile session today, similar to many other pairs. Following the Bank of England’s decision to keep interest rates unchanged, the price rose to a high of 1.33132. However, the momentum reversed after the US weekly jobless claims report came in better than expected, prompting a…

  • Kickstart the FX trading day for Sept 13 w/a technical look at the EURUSD, USDJPY & GBPUSD

    In the opening video, for September 13, 2024, I take a look at three other major currency pairs – EURUSD, USJDPY, and GBPUSD. For the EUR/USD pair, it moved into a swing zone between 1.10976 and 1.11042 and found willing sellers. This area will be a major resistance level today…

  • Kickstart the FX trading day for Sept 13 w/a technical look at the EURUSD, USDJPY & GBPUSD

    In the opening video, for September 13, 2024, I take a look at three other major currency pairs – EURUSD, USJDPY, and GBPUSD. For the EUR/USD pair, it moved into a swing zone between 1.10976 and 1.11042 and found willing sellers. This area will be a major resistance level today…

  • TA of the Day: Is the Uptrend in GBP/USD Over?

    sterling The pound has reached its highest level against the US dollar in about two and a half years, and is also performing well against the euro. The rise in the pound is largely driven by speculative bets on interest rates based on expectations that the Bank of England will…

  • What are the technicals telling traders in the EURUSD, USDJPY and GBPUSD pairs

    In this video, I take a look at the three major currency pairs from a technical perspective. On Monday, the EUR/USD pair fell, approaching its rising 100-hour moving average which is currently at 1.1143 (current price at 1.11615). This moving average will be a key barometer for the pair in…

  • TA of the Day: GBP/USD Bullish Signs Emerge! Is a Trend Reversal Underway?

    the US Dollar The Australian dollar fell against major currencies today as signs of easing inflation emerged, further supporting the possibility of a Federal Reserve interest rate cut in September. The U.S. consumer price index, a key measure of inflation, rose 2.9% annually, just 0.1% below June’s rate. This was…

  • Kickstart the FX trading day for Aug. 9 w/a technical look at the EURUSD, USDJPY & GBPUSD

    In the opening video for August 9, I take a look at three major currency pairs, EURUSD, USDJPY, and GBPUSD from a technical perspective. For the EUR/USD pair, the pair is trading up and down during today’s trading, but has found resistance from sellers against its 100-hour moving average at…

  • Chart Art: Is GBP/USD Ready To Extend Its Trend?

    The US dollar gave up some points against its “riskier” counterparts such as the British pound following the release of US data. Will momentum help extend the months-long uptrend in GBP/USD? Let’s take a closer look at the 4-hour chart: GBP/USD currency pair on 4-hour chart Chart by TradingView In…

  • GBPUSD trades above and below the 200 bar MA on the 4-hour chart

    The GBP/USD pair rose during the day in sympathy with the dollar selling after the weaker US jobs report. However, the move to the upside found willing sellers near the 1.2644-1.2667 swing target area. This area has capped previous gains this week ahead of the Bank of England’s interest rate…

  • GBPUSD Technical Analysis – A look at the chart ahead of the BoE decision

    Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. A good argument has been that most of the moves we have seen have been driven by debt relief as a result of…

  • Chart Art: Trend Continuation Setup For GBP/USD

    Cable is consolidating at a key support area ahead of potential catalysts this week. Will a bounce from the support zone help extend the GBP/USD uptrend? We are approaching the four-hour time frame for evidence: GBP/USD currency pair on 4-hour chart Chart by TradingView In case you missed it, easing…

  • Kickstart the FX trading day for July 26 w/a technical look at the EURUSD, USDJPY & GBPUSD

    In the opening video for July 26, 2024, I take a look at three other major currency pairs from a technical perspective – EURUSD, USDJPY, and GBPUSD. The EUR/USD pair has been trading up and down for the past three days. In favor of the buyers, the low today has…

  • GBPUSD trades to a new low and with it, a cluster of support targets

    High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…