Trading the News: U.K. Consumer Price Index (CPI) Another uptick in the U.K. Consumer Price Index (CPI) accompanied by stickiness in the core-rate of inflation may generate a near-term rebound in GBP/USD as it puts increased pressure on the Bank of England (BoE) to normalize monetary policy sooner rather than later. What’s Expected: Why Is This Event Important: The BoE looks poised to retain ...
Trading the News: U.K. Jobless Claims Change Another 9.1K decline in U.K. Jobless Claims paired with signs of stronger wage growth may heighten the appeal of the British Pound and spur a near-term advance in GBP/USD as it puts increased pressure on the Bank of England (BoE) to normalize monetary policy sooner rather than later. What’s Expected: Even though the EU referendum clouds the economic outlook for the ...
Daily price is on primary bearish market condition with the secondary rally which was started in the end of the February this year. Chinkou Span line is very near to be crossed with the price from below to above for the possible breakout, and Absolute Strange indicator is evaluating the price movement as the secondary secondary rally with the possible bullish reversal in the near future. If D1 price will break 1.3835 support level on close bar so the bearish trend will be continuing. ...
GBP/USD: ranging within bullish levels. The pair is located to be below 100 period SMA (100-SMA) and below 200 period SMA (200-SMA) for the primary bearish market condition for the ranging within the following key levels: 1.4600 psy resistance level, and1.3800 psy support level. The price is trying to break 1.3877 key support from above to below on close daily bar for the bearish trend to be continuing with 1.3800 psy support ...
H4 price is on primary bearish market condition located below 100 SMA/200 SMA reversal area: the price is testing 1.3877 support level for the bearish trend to be continuing. If the price will break 1.4078 resistance level so the local uptrend as the bear market rally will be started.If the price will break 1.4396 resistance level so we may see the reversal of intra-day price movement from the primary bearish to the primary bullish market condition.If price will break 1.3877 ...
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