Browsing Tag

Sterling

GBP/USD and EUR/GBP: British Pound Facing Uphill Task

GBP/USD remained in a bearish zone and recently declined below the 1.2700 support. EUR/GBP is placed in an uptrend above 0.8880 and it could continue to move higher. Important Takeaways for GBP/USD and EUR/GBP The British Pound declined below the 1.2720 and 1.2700 support levels. There is a [Read more...]

GBP/USD and USD/CAD: US Dollar Showing Signs of Weakness

GBP/USD gained pace this past week and recovered above the 1.2700 resistance. USD/CAD declined steadily below 1.3300, signaling short term US Dollar weakness. Important Takeaways for GBP/USD and USD/CAD The British Pound started a decent recovery and recovered above 1.2700 and 1.2720. There is [Read more...]

GBP/USD and EUR/GBP: British Pound Could Recover

GBP/USD started a decent upward move above the 1.2600 resistance. EUR/GBP is currently correcting lower towards the 0.8830 support area. Important Takeaways for GBP/USD and EUR/GBP The British Pound declined recently and tested the 1.2560 support area. There was a break above a major bearish [Read more...]

GBP/USD and USD/CAD Signaling More Upsides

GBP/USD is slowly recovering and it is currently trading above 1.2680. USD/CAD is likely to resume its upward move above the 1.3550 and 1.3580 resistance levels. Important Takeaways for GBP/USD and USD/CAD The British Pound declined close to the 1.2600 area and recently started an upside [Read more...]

GBP/USD and EUR/GBP: British Pound Sell-off Continues

GBP/USD declined heavily below the 1.2900 and 1.2800 support levels to enter a bearish zone. EUR/GBP surged higher and settled above the 0.8680 and 0.8700 resistance levels. Important Takeaways for GBP/USD and EUR/GBP The British Pound started a strong downward move and traded below the key [Read more...]

GBP/USD and USD/CAD Facing Crucial Hurdles

GBP/USD declined recently below the 1.3080 and 1.3050 support levels. USD/CAD tested the 1.3380 level and recently started a fresh increase above the 1.3410 level. Important Takeaways for GBP/USD and USD/CAD The British Pound declined heavily and even spiked below the 1.3000 support area. There [Read more...]

GBP/USD and EUR/GBP: British Remains Buy on Dips

GBP/USD climbed higher recently and settled above the 1.3100 level. EUR/GBP is currently correcting higher, but it is likely to face selling interest near the 0.8550 level. Important Takeaways for GBP/USD and EUR/GBP The British Pound gained strength recently and climbed above 1.3040 and 1.3100 [Read more...]

GBP/USD Recovering While USD/CAD Correcting Lower

GBP/USD declined close to 1.2860 and recently started an upside correction. USD/CAD climbed towards the 1.3500 level and it is currently correcting lower. Important Takeaways for GBP/USD and USD/CAD The British Pound declined heavily and tested the 1.2850-1.2860 support area. There is an [Read more...]

GBP/USD and EUR/GBP: Can British Pound Bounce Back?

GBP/USD declined heavily and broke the 1.3050 support area. EUR/GBP is currently correcting lower, but it is still trading above a crucial support at 0.8640. Important Takeaways for GBP/USD and EUR/GBP The British Pound remained in a bearish zone and declined below 1.3050 and 1.3020. There are [Read more...]

GBP/USD and USD/CAD Facing Significant Resistance

GBP/USD recently recovered, but struggled to clear the 1.3125-1.3130 resistance area. USD/CAD declined recently and it may continue to move down towards the 1.3285 support. Important Takeaways for GBP/USD and USD/CAD The British Pound faced a strong resistance on a few occasions near the 1.3130 [Read more...]