GBP/USD Rebound to Face FOMC, BoE, NFP- Levels to Know

To receive Michael’s analysis directly via email, please SIGN UP HERE GBP/USD Daily Chart Technical Outlook:This week’s Technical Perspective highlighted a constructive bias in cable while above the 1.3020 confluence support zone as price continues to trade within this broad median-line formation. Heading into majorevent risk over the next 72 hours the focus is on […]

Brexit Briefing: GBP/USD Well Placed to Gain as Brussels Talks Proceed

Talking Points – The British Pound is well placed to make further gains once the current sideways trend ends. – Little is expected from the fourth round of Brexit talks so any disappointment will likely be limited. Check out our Trading Guides: they’re free and have been updated,with several new ones now available including Forex […]

GBP/USD Struggles at Resistance- Weakness to Offer Opportunity

To receive Michael’s analysis directly via email, please SIGN UP HERE GBP/USD Daily Chart Technical Outlook: Last month we noted that Sterling prices were approaching a region of key, “structural support at the December high / lower parallel at 1.2760/75– a level of interest for possible exhaustion.” Indeed prices registered a low of 1.2773 before […]

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GBP/USD Technical Analysis: The Fleeting Semblance of Support

To receive James Stanley’s Analysis directly via email, please sign up here. Talking Points: GBP/USD Technical Strategy: Longer-term price action still bearish; post-Brexit range saw aggressive downside break. With GBP/USD working towards 30-year lows, there is little by way of ‘usable’ technical levels here for traders. If you’re looking for trading ideas, check out our […]

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GBP/USD Unchanged As Consumer Sentiment Survey Offsets Business Slip

Talking Points The GBP/USD was little changed after better than expected consumer confidence GfK consumer confidence -7 vs -8 expected and -12 recorded previously Lloyds business sentiment report dropped to 16 in August from previous 29 read Keep an eye on short-term trends for the using the Grid Sight Index (GSI) here. The British Pound […]