GBP/USD – EUR/GBP
GBPUSD topped exactly at strong resistance at 1.3800/1.3820 once again.
EURGBP hit the next target of 8690/8700 & now holding this level in to the end of the week.
Daily analysis
GBPUSD hit all targets & topped exactly at strong resistance at 1.3800/1.3820 over the past 2 days. Shorts need stops above 1.3830. Above here targets 1.3860 &strong resistance at 1.3880/90.
Holding strong resistance at 1.3800/20 targets minor support at 1.3750/40. (Hit this morning as I write). Strong support at 1.3695/65 could hold the downside this morning. Further losses target 1.3625/15. A break lower to is likely to target1.3580/60.
EURGBP topped exactly at 8690/8700 yesterday. Further gains meet very strong resistance at 8725/30 & again at 8755/60.
Two strong support levels today at 8650/40 & 8620/15.
Chart
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
Recommended Content
Editors’ Picks
EUR/USD steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.