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All articles related to the British pound.

GBPUSD Technical Analysis on Daily Chart – 5th January 2016

GBPUSD Technical Analysis on Daily Chart – 5th January 2016 GBPUSD - On the daily time frame, the pair continues to make bearish moves below the 21 ema. Next downside target and support is at 1.46 zone. Pair is trading below pivot point and below the 21 ema showing that the bears are still in

By |2017-01-01T13:00:57+08:00January 5th, 2016|Categories: Daily Technical Strategy, GBP Crosses, GBPUSD Premium Reports|0 Comments

GBPUSD Technical Analysis on Daily Chart – 7th September 2015

GBPUSD - On the daily chart. We can see that the pair has been in a downtrend for more than a week. This can mean that the probability for a rebound is increasing although we won't know how far up the rebound could be except to make some calculated predictions based on what is on

By |2017-01-01T13:01:01+08:00September 7th, 2015|Categories: Daily Technical Strategy, GBP Crosses|0 Comments

GBPUSD Technical Update 13th May 2015 (7:36 pm)

GBPUSD Technical Update 13th May 2015 (7:36 pm) Pair currently trading at 1.56453. We can see that the candle has turned red on this pair after the Bank of England released the quarterly inflation report (QIR) and it surprised the traders which led to a bearish follow through as traders sell the Pound. The BOE

By |2017-01-01T13:01:01+08:00May 13th, 2015|Categories: Daily Technical Strategy, GBP Crosses|Tags: , |0 Comments

GBPUSD – Technical Analysis on the Daily Time Frame (27th August 2013)

Hi traders! GBPUSD - On the daily TF, we have an inverted hammer candlestick. That usually is a bullish signal. Bulls will try to push this pair up today but if we close with a doji today, then sideways market might ensue. Stochastics doesn't look too good either at this point for bulls. It's pointing

By |2017-01-01T13:01:17+08:00August 27th, 2013|Categories: Daily Technical Strategy, GBP Crosses|Tags: , |0 Comments

GBPUSD Daily TF Analysis

Hi traders! GBPUSD - Pair had moved up towards the 1.55 handle after the release of a set of bullish jobs data. on top of that, the UK Claimant Count Change is the data that moved this pair. The figure came in better than expected for July at -29.2k versus -15k. Also the unemployment rate

By |2015-04-29T11:02:37+08:00August 14th, 2013|Categories: Daily Technical Strategy, GBP Crosses|Tags: , |0 Comments

Forex Trading: Risk Aversion Continues to Hog the Spotlight

Good day traders! With risk aversion hogging the lime lights right now, we see major currencies now testing their support and bottom of their trendlines. Looking at the chart above, a break below the trendline in the pound dollar can send the pair lowerto the 1.56 region. A bounce up could at least send the

By |2017-01-01T13:01:29+08:00November 17th, 2010|Categories: Daily Technical Strategy, GBP Crosses|Tags: |0 Comments

GBPUSD Weekly Chart Technical Analysis

Good day traders! I have always believed that it is important to plan your trades for the week and one of the most important activity to do during the weekend is to actually go through the longer term charts like the daily and weekly chart. They are very relevance and can help you in understanding

By |2017-01-01T13:01:30+08:00October 30th, 2010|Categories: Daily Technical Strategy, GBP Crosses|Tags: , |0 Comments

Pound testing its lows before a move up to test its last high at 1.6?

Good day traders! Lets look at the chart below. Pound Dollar Technical Analysis I love looking at charts and finding patterns that I can use to take a trade. At the moment, Pound dollar is trading at 1.571, falling about 200 pips after touching 1.59. Drawing arrows on the chart, it seems that

By |2017-01-01T13:01:34+08:00September 30th, 2010|Categories: Daily Technical Strategy, GBP Crosses|Tags: , |0 Comments
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