Pound Sterling Price News and Forecast: GBP/USD could stumble as Brexit is a double-edged sword [Video]
|GBP/USD potential setup for pullback trading [Video]
In the H4 timeframe, GBP/USD broke out the resistance at 1.3080 subsequently followed by a pullback as a test of the sign of strength rally. This could setup a potential pullback trading entry after the confirmation. If trading the pullback is your bread and butter setup, you will need to understand the one thing that every trader should do when trading the pullback in order to increase the winning rate and avoid the early entry or bad entry. Watch the video below (timestamp starts 4:35) where I explain in detail. Read More...
GBP/USD Forecast: Sterling could stumble as Brexit is a double-edged sword
Brexit giveth, will Brexit taketh away? Friday is the day when Chief EU Negotiator Michel Barnier provides his weekly assessment of the talks, and he could point to a lack of meaningful progress despite "intensifying" talks. David Frost, his British counterpart, could do the same.
GBP/USD is holding onto the highest levels since September, a move driven by the resumption of talks on Wednesday. However, returning to the negotiating table does not imply success. The current deadline is mid-November, ahead of the expiry of the transition period on December 31. Read More...
GBP/USD sits near daily tops, around 1.3100 mark post-UK PMIs
The GBP/USD pair rallied over 50 pips in the last hour and refreshed daily tops, with bulls now looking to build on the momentum further beyond the 1.3100 mark.
The pair managed to find decent support near the 1.3050 region and for now, seems to have stalled this week's retracement slide from six-week tops, set on Wednesday. The US dollar struggled to preserve its early gains, instead witnessed some fresh selling during the early European session, which, in turn, was seen as a key factor that provided a minor lift to the GBP/USD pair. Read More...
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