GBP/USD

By Forex Zone - September 13, 2016
GBPUSD -What
The 38.2-50% of that last trend leg lower comes between 1.3205-17 (see chart below).  If the low is in place, that area should hold.  It may not mean we go and take out the lows next - although it could.   It just keeps the sellers in control. It also says to me  that the buyers are not taking back control as well.   If the buyers cannot do the minimum - get above the midpoint of the last trend move lower - they are not taking control.Now, if the price moves above the 50%,  it says that...
By Forex Zone - September 7, 2016
GBP/USD Bullish but Nearing Resistance Barrier
Talking Points:GBP/USD Technical Strategy: Near-term price action continues moving higher in a bullish manner. While price action remains below the longer-term support value of 1.3500, the pair could pose continued bullish price action as additional rate-cut bets for the U.K. unwind as inflationary pressure has begun to show.We have seen the potential for the British Pound to pose an extended top-side run after the Bank of England’s post-Brexit maneuvering drove the Sterling lower;...
Target Trading In The Forex Week Of Sept 4th, 2016
Today's Euro to Dollar Exchange Rate Forecast and Forex PredictionsThe Euro to Dollar exchange rate today: 1 EUR = 1.11548 USD. The Euro to Pound exchange rate today: 1 EUR = 0.83881 GBP. The US Dollar to Euro rate today: 0.89648The expectations of any rate hike by the US Fed in September is more or less out of the window following the August jobs report.Similarly, the market believes that the European Central Bank will also refrain from any fresh policy measures in their...
By Forex Zone - September 2, 2016
Dollar rising.
The dollar has took a turn to the upside. EURUSDThe EURUSD found support against the 200 hour MA and 100 day MA at the 1.1213-19. The buyers turned to sellers in the last minutes pushing the price down to the lows for the day and near the 100 hour MA at 1.11659. The 200 bar MA on the 4-hour chart and 50% of the post Brexit is at 1.1158. Key area too.GBPUSD The GBPUSD fell back below the broken trend line at 1.3328 and stops were triggered..USDJPY The USDJPY moved above the 104.00...
By Forex Zone - August 23, 2016
What
However, the pair has been more supported in the European/London market. The price has moved up from the 1.3033 level to the session high of 1.3121.  At the high, the price extended above the 200 hour MA (currently at 1.31143), but the momentum above, just could not be sustained.The last correction lower has found support against the 100 bar MA on the 4 hour chart at 1.3088 level. The 100 bar MA on the 5-minute chart is also at the level.So traders seem to be settling in between support...