The Pound rally versus the Dollar paused for much of last week, but then continued to extend on Friday. This puts GBPUSD in position to challenge the underside of the trendline running up from the...
Type: Posts; User: TechnoMeter
The Pound rally versus the Dollar paused for much of last week, but then continued to extend on Friday. This puts GBPUSD in position to challenge the underside of the trendline running up from the...
Last week, GBP/JPY corrected higher creating a higher high at 130.70 – its highest level in three weeks however, the pair closed on Friday with a Doji pattern reflecting the market’s indecision at...
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GBP/USD: Retail trader data shows 79.9% of traders are net-long with the ratio of traders long to short at 3.97 to 1. In fact, traders have remained net-long since May 06 when GBPUSD traded...
A new month and a new quarter has not translated into a new reality for the British Pound. With Brexit continuing to serve as the albatross around the British Pound’s neck, the British Pound has...
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GBPUSD: Retail trader data shows 79.2% of traders are net-long with the ratio of traders long to short at 3.8 to 1. In fact, traders have remained net-long since May 06 when GBPUSD traded...
GBP/JPY - Sellers Remain in Charge
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On May 6, GBP/JPY opened with a downside breakaway gap starting a fresh movement lower. On May 13 the price opened with a measuring gap to the...
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GBPUSD: Retail trader data shows 75.8% of traders are net-long with the ratio of traders long to short at 3.13 to 1. In fact, traders have remained net-long since May 06 when GBPUSD traded...
The Euro launched a cautious recovery against the British Pound since I highlighted bullish reversal signals earlier this month. These were a Morning Star candlestick formation which was accompanied...
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GBPUSD: Retail trader data shows 48.0% of traders are net-long with the ratio of traders short to long at 1.08 to 1. The number of traders net-long is 0.2% higher than yesterday and 2.7%...
The British Pound is pulling back after testing above the 1.3100 level earlier this morning. This capped a strong topside run that showed up after the print of a fresh low less than a week ago. The...
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GBPUSD has enjoyed a strong run in 2019, picking itself up from a 1.2435 low to touch the 1.3000 level on an improving fundamental backdrop. This year’s mini-rally now sees GBPUSD touching...
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After being confined to trading within a horizontal range between 0.89525 and 0.90607 since December, the Euro is quickly losing ground against the British Pound after a rising support line...
GBP/USD has put in a bearish move to start the week, pulling up shy of the 1.2500 psychological level as the pair tumbled down to fresh 18-month lows. At the source of the selling was another...
For EUR/GBP, multiple resistance barriers were knocked out within a span of 24 hours. But on the daily chart, we do have the formation of what appears to be a new descending trend line dating back to...
Looking at the weekly chart below, the pair is on course to forming a quite rare falling three method bearish candlestick pattern. Progress to the upside in the pair was impeded by a rising range of...
It's been a climactic past month of price action in the British Pound. As we walked into the final week of August, GBP/USD was continuing to hold on to the sell-off that had driven the currency for...
GBPUSD: Retail trader data shows 70.5% of traders are net-long with the ratio of traders long to short at 2.39 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near...
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The Euro is attempting to revive its four-month uptrend against the British Pound after recoiling from chart resistance above the 0.90 figure. Prices now sit squarely at the confluence of...
The latter-portion of last week saw a strong bounce develop in GBP/USD, and this came after the pair tested below a key psychological level for the first time since last September. As we wrote...
The Euro may be on the cusp of launching a sustained move higher against the British Pound after breaching nine-month trend resistance.
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With the series of lower highs and lows established...
It was a climactic weekend for UK politics, and we're now just months away from the summit with the European Union to decide on a final agreement for the UK divorce from the bloc. That meeting is set...
GBPUSD: Retail trader data shows 72.4% of traders are net-long with the ratio of traders long to short at 2.62 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near...
GBPUSD: Retail trader data shows 71.0% of traders are net-long with the ratio of traders long to short at 2.45 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near...
GBP/JPY Bounce to Resistance at Prior 2018 Low
This week started off with an increased slate of worry as financial markets gripped for the possibility of another summer of political volatility out...
The bearish move in the British Pound has continued into another week. After displaying a semblance of support around the key level of 1.3500 in the first couple of weeks of May, GBP/USD posed a...