Beyond that, the British Pound could be looking at a move to the 1.15 level, which is an area where we have a big, round, psychologically important number, and of course there was the...
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2 Minutes
2 Minutes
GBP/USD Forecast: Breaks Above Short-term Resistance
I’m not holding my breath one way or the other because I think the only thing you can count on is a lot of volatility, and I think Friday will probably be a lot...
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0 Minutes
GBP/USD Forecast: Continues to Drift Ever so Lower
This is a market that I think if you are patient enough, you should have plenty of opportunities to take advantage of the overall trend. The GBP/USD has drifted lower again during the trading session on...
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1 Minute
GBP/USD poised for a retest of the year’s lows
The pair is down 0.4% on the day to 1.1878 at the moment and is poised for a third straight day of declines. The bounce higher after the US CPI data last week failed...
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1 Minute
Things are all lining up for the dollar towards the end of the week
It is all lining up for the dollar right now as the currency pushes to fresh highs on the day and is seeking to extend gains further ahead of the weekend. Let’s recap how...
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2 Minutes
Risk Sentiment Sours on FOMC Minutes; Natural Gas Hits Record High; UK Inflation Exceeds 10%
Yesterday’s release of the minutes of the most recent FOMC meeting show that several members are concerned about the potential impact of the continuing rate hikes on growth, but there is a clear consensus...
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0 Minutes
GBP/USD Forex Signal: Double-Top Pattern Forms Ahead of FOMC Minutes
Bearish View Set a sell-stop at 1.2000 and a take-profit at 1.1900. Add a stop-loss at 1.2200. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.2135 and a take-profit at 1.2250. Add a...
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1 Minute
GBP/USD Technical Analysis: Close to Breaking Important Support
For three trading sessions in a row, the GBP/USD currency pair is subjected to selling operations, as a result of which it settled around the 1.2105 support level. It is close to testing an important support 1.2045,...
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0 Minutes
GBP/USD Forecast: British Pound Shoots Straight Up
The GBP/USD currency pair rallied rather significantly on Wednesday as the CPI number in the United States came out lower than anticipated. Because of this, some traders are banking on the idea that the Federal Reserve...
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1 Minute
GBPUSD extends to 100 hour MA and finds sellers on the first look
The GBPUSD has moved up to test the 100 hour MA at 1.21361 currently and found sellers. The high for the day reached 1.21354 and backed off a bit. The current price is trading at 1.2128....
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