FUNDAMENTAL ANALYSIS
The pound is profiting from the euro weakness and sets itself as a safe-heaven alternative to the yen which suffers from political incertitude. The GBP/USD finds support in EUR/GBP selling.
However, on the long term the pair remains pressured by a strengthening US dollar and the persistent global uncertainty. Moreover, many worry about the governmental budget tightening which could become a barrier to domestic growth.
TECHNICAL ANALYSIS
The short term GBP/USD's rebound remains intact. The pair found good support at 1.4250 and is bouncing back with momentum.
A breach of the 1.4768 high would open the way for a re-visit of the 1.5000 region and reverse the long term bearish down trend. On another hand, a topside failure could indicate a re-test of the bottom support.
Resistance levels:
- 1.4768
- 1.5000
Support levels:
- 1.4550
- 1.4250
Forex Analysis Report Read Market Summary »
| Forex Risk Sentiment |
 |
| Commodities |
 |
| U.S. Equities |
|
| Treasury Bonds |
 |
| Volatility |
|
| Forex long term trend | |
| Dollar |
|
| Yen |
|
| Euro |
|
KNOWLEDGE BASE - Exclusive Forex Educational Articles
Managing Risk with Stop Loss Orders in the Forex MarketStop loss orders are one of most fundamental risk management techniques used by forex traders. Ideally, every trading system should include the use of a stop loss on every trade, ...read more |
Trading Fibonacci ExpansionsMost traders know and have used Fibonacci retracements at one point or another in their careers, but Fibonacci expansions are less commonly found in charts. Drawing them only takes a ...read more |
Trading Bollinger BandsBollinger Bands are one of the most popular technical indicators traders like to use. There are many strategies built entirely around them. In this article we will focus on t...read more |
Understanding Central BanksCentral banks are at the heart of their country’s economy and play a key role in the global markets. Their importance is particularly relevant when trading the forex, as they ...read more |
|
More in: Forex Basics, Forex Analysis, Technical Analysis, Technology |
|||
- + 12 |
|||
All information on this page is subject to change. The use of this website constitutes acceptance of our terms of use. Please read our risk disclaimer and privacy policy
