Being contained by 1.5296 key support, GBPUSD rebounded from 1.5344. Resistance is at the downtrend line from 1.6298 to 1.5910, as long as the trend line resistance holds, downtrend from 1.6298 could be expected to continue and...
GBPUSD’s downward move from 1.5910 extended to as low as 1.5356 level. Deeper decline to test 1.5296 key support is expected next week, a breakdown below this level will confirm that the long term uptrend from 1.4230...
GBPUSD is currently in a rather short-term upward correction moving in a range of yesterday’s low the level of 1.5359 to Fibonacci retracement the level of 1.5438.
The release of the GDP figures. Asian and European trading sessions: Euro: Today euro showed some growth as a correction from yesterday’s minimums. The willingness to take risks increased and high-risk currencies were supported. The EUR/USD pair...
Ratings’ reduction pressures the euro. Asian and European trading sessions: Euro: The EUR/USD started today’s trading with the maximum of $1,3200, as the Government of China confirmed its intentions to support the European Union with debt problems....
Demand for save-haven grows. Asian and European trading sessions: Euro: On the first day of this week the euro was affected by the reduction of the EC countries’ credit ratings by Moody’s Investors Service. Last week the...
Previous trading week saw greenback being pressured by various factors. On Monday after the announced information that the Chinese Government would not increase the interest rates, the stock market grew and the greenback was pressured. Possibility, that...
GBPUSD breaks below 1.5284 support, suggesting that the downtrend from 1.6298 has resumed. Deeper decline to test 1.5296 key support is expected next week, a break below this level will confirm that the long term uptrend from...
Current week emerged shift in a GBPUSD trend, since Monday pair dropped approximately 260 pips and yesterday was solely 50 pips above 16 weeks low.
Demand for the risk drops. Asian and European trading sessions: Euro: The EUR/USD pair started Wednesday with a decrease to the $1,3300 mark. The euro was pressured by the announcement of Moody’s Investors Service that the credit...