Trading Analysis of GBP/USD

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Forex Daily Analysis (2016.08.01)

  Forex Daily Analysis - The US dollar fell sharply on Friday after the Q2 GDP data showed that the US economy grew only 1.20%, much less than the forecast of 2.60%....

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Daily Forex News (2016.07.29)

Daily Forex News - The Japanese yen strengthened sharply this morning after the BoJ’s policy fell short of market expectations. With USDJPY trading near the support zone, the...

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Daily Forex Analysis (2016.07.27)

Daily Forex Analysis - After a rather flat two days with no main fundamentals to go by, the markets will be looking to a busy day with the European session focusing on the UK’s...

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USDJPY trims gains.Support seen at 104-103 (2016.07.26)

USDJPY trims gains. Support seen at 104 - 103 - A fairly quiet Monday saw USDJPY retreating from its recent highs ahead of the big events this week. USDJPY has retraced its gains...

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BoE weighs on GBP (2016.07.14)

BoE weighs on GBP - The British pound is likely to come under pressure today as the Bank of England is expected to cut interest rates by 25bps, a close call which could go either...

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US dollar (2016.07.13)

US dollar - GBPUSD and the USDJPY rallied yesterday, breaching $1.32 and 104Yen respectively as noted in yesterday’s commentary. Price action is likely to pause in the near...

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Daily Forex Market Preview (2016.07.11)

Daily Forex Market Preview - GBPUSD is likely to see a retracement back to 1.32 level ahead of the inflation report hearing and the BoE meeting this week. The falling wedge...

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Forex Daily Analysis (2016.07.05)

Forex Daily Analysis - EURUSD is retesting the 1.110 level for support ahead of what could be the next leg up to test the 1.120 level. USDJPY has turned bearish and is seen...

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Gold hits 1350 as expected (2016.07.04)

Gold hits 1350 as expected - Gold prices rallied early today testing the 1350 resistance as noted over the past few days. Further upside is likely to continue if price clears the...

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