GBP/USD is correcting the current decline and might go higher

GBP/USD corrected some of the recent uptrends currently and it just rebounded from 1.35721, looks like it has to go higher to achieve the orders above to fill them, and then it will continue going down to complete the correction and then rebounds from 1.32828 as there's a node which shows the price is cheaper and there will be a good opportunity to start buying. Read more...

GBPUSD

GBP/USD Forecast: Mixed UK data leave investors clueless

The GBP/USD pair trades around 1.3860, little affected by mixed UK data, as speculative interest keeps focusing on US developments. The kingdom published the preliminary estimate of its Q2 Gross Domestic Product, which printed as expected 4.8%, improving from -1.6% in the previous quarter. Industrial Production was up 8.3% YoY in June while Manufacturing Production was up 13.9% in the same period. The Goods Trade Balance posted a deficit of £-11.988 billion, more than doubling the previous figure and worse than anticipated. Read more...

GBPUSD

GBP/USD slides below mid-1.3800s, fresh session lows ahead of US data

The GBP/USD pair witnessed some selling during the second half of the European session and dropped to fresh daily lows, around the 1.3840 region. T

he pair struggled to capitalize on the previous day's goodish rebound from the 1.3800 mark, or over two-week lows, instead met with some fresh supply on Thursday. The British pound's underperformance was sponsored by disappointing UK macro data, which showed that the UK trade deficit unexpectedly jumped to £11.988 billion in June from £9.601 billion previous. Read more...

GBP/USD

Overview
Today last price 1.3838
Today Daily Change -0.0027
Today Daily Change % -0.19
Today daily open 1.3865
 
Trends
Daily SMA20 1.3832
Daily SMA50 1.3901
Daily SMA100 1.3926
Daily SMA200 1.3771
 
Levels
Previous Daily High 1.3888
Previous Daily Low 1.3803
Previous Weekly High 1.3958
Previous Weekly Low 1.3861
Previous Monthly High 1.3984
Previous Monthly Low 1.3572
Daily Fibonacci 38.2% 1.3855
Daily Fibonacci 61.8% 1.3835
Daily Pivot Point S1 1.3816
Daily Pivot Point S2 1.3767
Daily Pivot Point S3 1.3731
Daily Pivot Point R1 1.3901
Daily Pivot Point R2 1.3937
Daily Pivot Point R3 1.3986

 

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