GBPUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.6309, the bounce from 1.5827 would possibly be consolidation of the downtrend.
The GBP/USD pair rose during the session on Friday as we continue to bounce from the 1.58 level. This market has been extremely aggressive to the upside over the last several months, with only as the pullback...
The GBP/USD pair fell during the session on Thursday as the market would have only been liquid for two of the three sessions. The Americans had Thanksgiving holiday in mind, so of course the liquidity during that...
The Greenback traded mixed against the four FX majors, wherein it has depreciated against the Euro, the Swiss Franc and the GBP whereas the Yen continued to depreciate against the USD.
The GBP/USD pair rose during the session as the “risk on trade came back into play. The 200 day simple moving average continues to offer support, and the candle for the Wednesday session is a hammer.
Market review for 20.11.12: The Bank of Japan decided to keep the volume of purchases of assets on the same 66 trillion Yen level.
The Dollar Index is trading at 81.25 ranges still hovering around the short term resistance of 81.00-81.20 from where it sold off during September last.
GBP/USD rose during the session on Tuesday as the top of Monday’s shooting star has been broken. This is a bullish sign, and as such we believe that this market will continue to rise over the next...
Technical analysis for 20.11
The Dollar Index is trading at 80.90 with 81.00-81.20 ranges still acting as short term resistance from where is sold off during September last. The benchmark equity index (.DJIA) is trading at 12760 after slipping below the...