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gbpusd

Daily Market Analysis 03|03|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: Sell is envisage if price trades below 1.39409 with take profit at 1.39106. Bullish Preference: Buy is envisaged if price trades above 1.39963 with take profit at 1.40266. Fundamentals:2:15pm    USD ADP Non-Farm Employment Change4:00pm    USD ISM Services PMI Comment: The pair gained traction through the first half of the trading action on Wednesday …

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Daily Market Analysis 26|02|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: A sell position is envisaged if price trades below 1.38222 with a take profit at 1.37647 Bullish Preference: A buy position  is envisaged if price trades above price 1.39773  with take profit at price 1.40402 Fundamentals:USD: Core PCE Price Index m/m (2:30pm)G20 Meeting (All Day)  Comment: The dollar climbed higher in early European …

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Daily Market Analysis 25|02|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below 1.41257 with a take profit at 1.41032. Bullish Preference: A Buy position  is envisaged if price trades above price 1.41621  with take profit at price 1.41828. Fundamentals:USD: FOMC Member Bostic Speaks (2:30)USD: Core Durable Goods Orders m/m (2:30) Comment: Federal Reserve FOMC members vote on …

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Daily Market Analysis 25|01|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: Sell is envisaged if price trades below 1.36675 with take profit at 1.36484. Bullish Preference: Buy is envisaged if price trades above 1.37571 with take profit at 1.37891. Fundamentals:No Fundamentals Comment: The dollar did fall lower earlier today, but the expected stimulus package which is being debated by congress at the moment is …

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Daily Market Analysis 11|01|2021: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy is envisaged if price trades above 1.35155 with take profit at 1.35546. Bearish Preference: Sell is envisaged if price trades below 1.34728 with take profit at 1.34312. Fundamentals:No Fundamentals Comment: The buck had some strength last week Friday as this could be attributed to data’s that favored the USD, we saw average …

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Daily Market Analysis 21|12|2020: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.33012 with a take profit 1.33934. Bearish Preference: Enter a Sell position if price trades below 1.32340 with take profit at 1.31403. Fundamentals:No Major Fundamentals. Comment: The cable saw a gap down on Friday, we could attribute that to the stalemate in the Br-exit negotiations, also …

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Daily Market Analysis 14|12|2020: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: Buy is envisaged if price trades above 1.33980 with take profit at 1.34664. Bearish Preference:  Sell is envisaged if price trades below 1.33297 with take profit at 1.32587. Fundamentals:No Fundamentals Comment: Fundamentally the pounds has seen some boost as investors see that a brexit deal is very possible soon, for this sole reason the …

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Daily Market Analysis 24|11|2020: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference: A buy is envisaged if price trades above 1.33989 with take profit at 1.34089. Bearish Preference: A sell is envisaged if price trades below 1.33252 with take profit at 1.33049. Fundamentals:USD CB Consumer Confidence 4PM Comment: The pound is staying close to a near 12-week high against the dollar thanks to investor bets that the …

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Daily Market Analysis 18|11|2020: GBPUSD

Instrument: GBPUSD Technical Analysis Bearish Preference: A sell is envisaged when price trades below 1.32241 with take profit at 1.32041 Bullish Preference: Buy if price trades above 1.32738 with take profit at 1.32938 Fundamentals:No Major fundamental(s). Comment: The U.S. dollar continues to lose ground against a broad basket of currencies. Today, foreign exchange market traders will focus on Brexit news and …

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Daily Market Analysis 13|08|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference:  Buy position is envisaged if price trades above 1.30737 with take profit at 1.31000 Alternative scenario: Sell position is envisaged if price trades below 1.30300  with take profit at key level 1.29475 Fundamentals:No major economic data with direct bearing to this pair  Comment:  This pair has been ranging for quite some time …

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