GBPUSD Analysis: Short Term Pullback

LMAX Group Research Desk LMAX Group

Any setbacks in the Pound are classified as minor corrections at this stage, with the market confined to a well defined uptrend since basing out back in October 2016 at +30 year lows. For now, a higher low is sought out all the way down at 1.3025 ahead of the next major upside extension through 1.3660 and towards 1.4200 further up.

In this analysis, we take a look at GBPUSD each day, highlighting all of the need to knows for anyone looking to extract up to date information on major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding Sterling (Pounds) or US Dollars, looking for an idea of where they may want to consider making that next conversion.

The GBPUSD update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.

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LMAX Group Research Desk

LMAX Group

LMAX Group is a dynamic, visionary and award-winning financial technology company.

GBP/USD falls to 1.3550 on stronger USD

GBP/USD adds to the weekly correction and revisits the mid-1.3500s on Friday. Indeed, Cable faces increasing selling pressure on the back of extra gains in the Greenback, particularly fuelled following Chair Warsh’s speech at the Jackson Hole Symposium and the US NFP Annual Revision (-79K).

EUR/USD hits weekly lows near 1.1600 on Warsh, NFP revision

EUR/USD now accelerates its decline and retreats to multi-day troughs in the vicinity of the 1.1600 level on Friday. The pair’s pullback comes on the back of the strong rebound in the US Dollar after Chair Warsh delivered a hawkish message in Jackson Hole, while the US NFP Annual Revision came in at -79K.

Gold treads water around $4,600 ahead of Warsh, Payrolls

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Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows

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