"The US Dollar has initially rallied from this news, causing pairs such as the GBP/USD to decline in value. Now that NFP has concluded traders may continue to watch for further declines under today’s S4 pivot point, which resides at a price of 1.4556. In the event of a breakout below this value traders may begin to extrapolate today’s 59-pip range to find initial targets near 1.4497.""If the current bout of US Dollar strength begins to falter, ...
EUR/USD: "2016 year-end forecasts have changed slightly, while end-2017 forecasts are largely unchanged. EUR/USD is now forecast at 0.95 at the end of 2016, up from our original 0.90 forecast." USD/JPY: "The yen will outperform almost all other currencies barring the USD in 2016, with a USD/JPY peak just shy of Y130." GBP/USD ...
GBP/USD Forecast Dec. 28 – Jan. 1 GBP/USD showed some downward movement but ended the week unchanged, closing at 1.4925. The final week of 2015 has just two events on the schedule. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. In the US, Final GDP for the third quarter posted a gain of 2%, very close to the estimate. Housing numbers disappointed, and durable goods were ...
GBP/USD: bearish breakdown. The pair is on bearish market condition located below Ichimoku cloud in the primary bearish area of the chart. The price is ranging within the following key reversal support/resistance levels: 1.5239 resistance level located on the border between the primary bearish and the primary bullish trend on the chart, and1.4864 support level located below Ichimoku cloud in the bearish area of the chart. Descending triangle pattern was formed by the ...
GBP/USD H4: bearish breakdown. The price is on bearish breakdown located below Ichimoku cloud and below broke Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. There are the following key reversal support/resistance levels for intra-day price: 1.5239 resistance level located above Ichimoku cloud in the bullish area of the chart;1.4894 support located below Ichimoku cloud in the bearish area. Absolute ...
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