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British Pound Forecast: GBP/USD Eight-Week Breakdown Testing Support

British Pound plunged for an eighth week with a 7% decline off the yearly high now testing the key support. Battle lines drawn on the GBP/USD weekly technical chart.

Multiple pound notes £5, £20 and £50 Pound Sterling

British Pound Technical Forecast: GBP/USD, GBP/JPY

It was a brutal week for the British Pound, with fresh four-month lows in Cable as GBP/JPY put in a late-week breakdown.

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British Pound Short-term Outlook: GBP/USD in Freefall- Support Ahead

British Pound plunged more than 3.2% off the monthly high with a break of the election range exposing key support. Battle lines drawn on the GBP/USD technical charts.

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British Pound Forecast: GBP/USD Plunges to Critical Support

British Pound plunged nearly 4.8% off the yearly high with the bears now poised to challenge key trend support. Battle lines drawn on the GBP/USD weekly technical chart.

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Bank of England (BoE) Rate Decision Preview (NOV 2024)

The Bank of England (BoE) is expected to lower Bank Rate by 25bp in November.

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By : David Song
November 7, 2024 05:02 AM
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British Pound Short-term Outlook: GBP/USD Bears Charge Support

British Pound is attempting to break the April uptrend with GBP/USD testing pivotal support ahead of NFP. Battle lines drawn on the technical charts into November open.

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British Pound Forecast: GBP/USD Searches Support

British Pound plunged nearly 4% off the yearly high with a four-week decline taking GBP/USD to multi-month lows. Battle lines drawn on the weekly technical chart.

Multiple pound notes £5, £20 and £50 Pound Sterling

British Pound Forecast: GBP/USD, GBP/JPY

It’s been tough sledding for Cable so far in Q4, but bulls have started to show defense of a major psychological level. Meanwhile, GBP/JPY is holding on to a bullish breakout setup as we go into next week.

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British Pound Forecast: GBP/USD Susceptible to Test of September Low

GBP/USD may trade within a defined range ahead of the next BoE meeting on November 7 should it defend the September low (1.3002).

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By : David Song
October 15, 2024 06:55 AM
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British Pound Forecast: GBP/USD Bears Wrestle 1.30 Support

The British Pound plunged into October with a third-weekly decline grappling with support at the 1.30-handle. Battle lines drawn on the GBP/USD weekly technical chart.

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British Pound Short-term Outlook: GBP/USD Support Test at September Low

British Pound plunged into October with a decline of more than 3% now testing the first major support hurdle. Battle lines drawn on the GBP/USD technical charts.

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British Pound Forecast: GBP/USD Breakout Stalls into Q4 Open

The British Pound breakout extended into initial resistance hurdles at fresh yearly highs. Battle lines drawn on the GBP/USD weekly technical chart heading into Q4.

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British Pound Short-term Outlook: GBP/USD Breakout Eyes Resistance

British Pound is poised to mark a five-day advance with the rally now approaching resistance at fresh yearly highs. Battle lines drawn on the GBP/USD technical charts.

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GBPUSD Outlook: Data Updates Ahead of Key Monetary Policies

GBPUSD Outlook: After the UK experienced a brief period of economic balance following its first rate cut, upcoming employment, growth, and inflation data are set to play a critical role in shaping the direction of the monetary policy as GBPUSD holds steady above the 1.3 level.

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September 9, 2024 06:35 PM
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GBPUSD Analysis: April Highs Set a Weekly Ceiling

GBPUSD Analysis: with the upcoming BOE statement, CPI metrics, and Flash PMI results, April highs are challenged for further bull runs

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GBPUSD Forecast: Support Levels and Pre-BOE Sentiment

GBPUSD Forecast: doves add new lows to the GBPUSD pair as the British Pound Currency Index holds at a 6-month support zone

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British Pound Technical Forecast: GBP/USD Holds Confluent Support at the 200DMA

GBP/USD held in a range for much of Q1, even as USD strength re-appeared. But a fundamental twist in March puts bulls on their back foot, with GBP/USD limping into Q2 at confluent support.

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British Pound Technical Analysis: GBP/USD Breakout After 1.2500 Test

The Bank of England seems an outlier at this point as they remain one of the more hawkish Central Banks and GBP/USD is driving to a fresh three-month high after the FOMC and BOE rate decisions.

Multiple pound notes £5, £20 and £50 Pound Sterling

British Pound Short-Term Outlook: GBP/USD Bulls Halted at Resistance

The British Pound bulls halted at resistance last week with the December opening-range now taking shape. Battle-lines drawn on the GBP/USD short-term technical charts.

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British Pound Analysis: GBP/USD Double Top or Pause at 1.2850?

GBP/USD dropped a quick 100 pips at the open after testing 1.2850 on Friday, but the evidence so far points to continued upside...

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British pound analysis: GBP/USD holds support in the mid-1.23s

GBP/USD remains above its rising 50- and 100-day EMAs potentially setting the stage for a continuation higher from here