STERLING_PIPS

STERLING_PIPS

GBP/USD has been pivoting around the 1.30 area since mid-October and technical charts suggest that it could be fast approaching a break-out according to analysts at Rabobank. Triple trouble for the pound – UK Retail Sales for December have badly disappointed with a fall of 0.6%, far worse than an increase that was expected. Moreover, To add insult to injury, it...

STERLING_PIPS

GBP/USD is starting 2020 by retracing down rejecting the 1.3300 handle. As the market seems to create a lower high, the correction down could extend towards the 1.3000 and 1.2900 handles. The FOMC at 19:00 GMT can lead to high volatility in USD-related currency pairs.

STERLING_PIPS

USD/JPY is expected toward its key resistance at 108.47. On the upside, resistance comes in at 108.40 level. On the downside, support lies at the 107.50 level where a break will target the 107.00 level. Please Like or Follow :)

STERLING_PIPS

The British pound has recovered from the 1.2300 stage towards the USD. Short-term bearish goal for the GBP/USD pair presumably hit. The GBP/USD pair is bearish whereas buying and selling beneath the 1.2410 stage, key assist is discovered on the 1.2300 and 1.2275 ranges. If the GBP/USD pair trades above the 1.2410 stage, key resistance is discovered on the 1.2470...

STERLING_PIPS

The Pound rally versus the Dollar paused for much of last week, but then continued to extend on Friday. This puts GBPUSD in position to challenge the underside of the trendline running up from the October 2016 flash-crash that also happens to connect with the January flash-crash low. Please Like or Follow :)

STERLING_PIPS

USD/JPY 4-hour chart USD/JPY is challenging the 106.31 support level above the main SMAs. Bulls would need a daily close above 106.98 resistance to generate buying interest. Please Like or Follow :)

STERLING_PIPS

GBPUSD 4-Hour Chart Volatility continues this week for the pound, which posted sharp gains on Wednesday and has moved higher on Thursday. 1.2329 was tested earlier on Thursday and remains under strong pressure. Above, there is resistance at 1.2420. Keep an eye on 1.2180, which has some breathing room in support. Please Like or Follow :)

STERLING_PIPS

Technical indicators have recovered from extremely oversold readings but lost strength upward within negative levels, all of which suggest that the latest recovery was mostly corrective. The pair would likely react sharply to Brexit-related headlines, with a break above 1.2140 now required to confirm a technical extension toward 1.2200. Support levels: 1.2065...

STERLING_PIPS

Sterling prices are softer this week after testing downtrend resistance on Tuesday and although the risk remains for a deeper drive from here, the bears aren’t quite in control just yet. Sentiment Long positions are3.8% higher than yesterday and 4.2% higher from last week Short positions are 9.1% lower than yesterday and 5.2% lower from last week The fact...

STERLING_PIPS

The British pound initially tried to rally after gapping lower during the day on Monday, and then rolled over to break back below the 1.2250 level. At this point, it looks as if we are in a bit of a “holding pattern.”{Christopher Lewis} On the flip side, the 1.2202/06 area is key support (20-SMA in four hours chart and daily low), and then comes 1.2175 (Aug 20...

STERLING_PIPS

Cable holding on to gains, trading above the 38.2% retracement of the latest daily decline at around 1.2220 now the immediate support. In the 4 hours chart, the pair has soared past its 20 and 100 SMA, while the 200 SMA maintains a bearish slope, now converging with the 50% retracement of the same decline at around 1.2385 reinforcing the static resistance level....

STERLING_PIPS

GBP/USD is trading bearish, down from 1.34 high and unfolding a bigger impulse.

STERLING_PIPS

GBP/USD continues to face corrective recovery risk as it eyes further bullishness. Support comes in at 1.2100 with a turn below that level shifting focus to the 1.2050 level. Further down, support resides at the 1.2000 level where a break will turn attention to the 1.1950 level. Please Like or Follow :)

STERLING_PIPS

100% Fibonacci retracement of the rise up from the lows of March 2018 to the peaks of last October. A slide below those could signals could both risk aversion and a broad Dollar bearish environment. If that happens then a cluster of monthly chart support from June-November 2016 would probably come into focus between 105.05 and 99.14. Please like or follow :)

STERLING_PIPS

Despite being oversold, the current weakness in GBP is not showing sign of stabilizing just yet. Only a break of the 1.2195 ‘key resistance’ (level was at 1.2220 yesterday) would suggest that the decline in GBP is ready to take a breather”. Please Like or Follow :)

STERLING_PIPS

US dollar initially tried to rally during the week but then broke down from the ¥107 level to show weakness yet again against the Japanese yen in a safety bid.

STERLING_PIPS

The decline could gain additional momentum on a break below 1.2020 while an upward corrective movement would likely meet sellers at around the mentioned 1.2130 level.

STERLING_PIPS

CABLE recovery threats remain towards 1.2249 Support comes in at 1.2150 Further down, support lies at the 1.1950 level. On the upside, resistance stands at the 1.2200 Further out, resistance stands at the 1.2300 level GBP/USD retains its upside pressure on corrective recovery. Please Like or Follow :)