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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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Daily Market Analysis 24|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.27250 with take profit at 1.27665 Alternative scenario: Sell position is envisaged if price trades below 1.27104 with take profit at 1.26950 Fundamentals:2:45PM USD Flash Manufacturing PMI  Comment: China ordered the United States to close its consulate in the city of Chengdu on Friday, …

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Daily Market Analysis 20|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.25772 with take profit at 1.26122. Alternative scenario: Sell position is envisaged if price trades below 1.25473 with take profit at 1.25129. Fundamentals:No major economic data with bearing on the pair Comment: The pair is surging northward as sentiment on the second wave of …

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Daily Market Analysis 16|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.25215 with take profit at key level 1.24638. Alternative scenario: Buy position is envisaged if price trades above 1.25716 with take profit at 1.26205. Fundamentals:EUR 12:45pmMain Refinancing RateMonetary Policy StatementECB Press Conference USD 1:30pmCore Retail Sales m/mRetail Sales m/m Comment: The dollar strengthened between …

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Daily Market Analysis 14|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.25653 with take profit at key level 1.26016. Alternative scenario: Sell if price trades below 1.25067 with take profit at 1.24623. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: Looking at the Fundamentals, the cable’s GDP m/m report which measure economic …

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Daily Market Analysis 09|07|2020: GBPUSD

Instrument: GBPUSD Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.26206 with take profit at key level 1.25823. Alternative scenario: Buy position is envisaged if price trades above 1.26603 with take profit at 1.26900. Fundamentals:No major economic data with direct bearing to this pair Comment: The news of a stimulus bill coming up in …

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Daily Market Analysis 25|06|2020: GBPJPY

Instrument: GBPJPY Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 132.466 with take profit at key level 131.918. Alternative scenario: Buy if price trades above 133.687 with take profit at 134.190. Fundamentals:No major economic data with direct bearing to this pair Comment: This pair has been rejected constantly from a bearish trendline on the …

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