Technical Analysis Report - GBP/USD
09/08/2016 // 07:25:05 am
The pound remained very close to the Friday’s close. After the BoE’s decision to cut the rate, the Sterling remained under pressure and the market appears to be bearish.
We are expecting a short term bearish overview for the pair. The GBP/USD is approaching the fresh lows. The price remains firm between levels 1.3000 and 1.3100. The current resistance is observed at 1.3100, the support lies at 1.2900. The indicators are generating a sell signal. The trading instrument is lower than the 50, 100 and 200 EMAs in the 4-hours chart. The moving averages remained at the same place.
We are expecting a short-term growth towards 1.3175 where the 50 and 100 Day EMAs lie.
29/09/2016 // 07:44:21 am
Pound was weighed by Shafik’s dovish comments (the BOE deputy) as
29/09/2016 // 07:41:12 am
On wednesday, the US currency dollar rose because of profit fixati
27/09/2016 // 10:33:13 am
The dollar remained under pressure against its major rivals as stocks