30.07.2014 7:07 GBPUSD
GBPUSD: there are risks of reduction to a level of 1.6900
Sell on rebound from 1.6951 level with 1.6900 target. Stop loss = 1.7000.
Reason for the trading strategy.
Despite growth in June of the number of mortgage lending approvals in the UK from 62,000 to 67,000, the British currency broke through the key support level of 1.6950. Today, in anticipation of strong macroeconomic statistics from the US, the pound could fall to a level of 1.6900.
GBPUSD, H4
31.07.2014 9:09 GBPUSD
GBPUSD: under pressure against the background of a reduction in Gfk’s consumer confidence index in the UK
Sell on a level breakthrough of 1.6900 with 1.6850 target. Stop loss = 1.6950.
Reason for the trading strategy.
The consumer confidence index in the UK from Gfk decreased in July from 1 to (-2) points, which indicates a probable reduction in consumer spending among British households, which forms a significant part of the UK’s GDP.
GBPUSD, H4
26.08.2014 10:10 GBPUSD
GBPUSD: growth before the publication of data from the British Bankers’ Association
Buy on a level breakthrough of 1.6600 with a 1.6660 target. Stop loss = 1.6550.
Reason for the trading strategy.
Today at 8.30 GMT, a publication on the number of new mortgages approved in the UK as calculated by the British Bankers’ Association will be released. In the case of the expected growth of this index in July from 43.3 thousand to 44.2 thousand, the demand for the British currency will increase.
GBPUSD, H4
27.08.2014 10:10 GBPUSD
The pound is consolidating in the 1.6534-1.6600 range
Sell on a level breakthrough of 1.6534 with 1.6460 target. Stop loss = 1.6600.
Reason for the trading strategy.
Yesterday, the British currency was subjected to sales after the publication of data on the number of permits issued for mortgage lending in the UK. In July, this indicator fell from 43.2 thousand to 42.8 thousand. reflecting the reduction in the demand for residential real estate in the country. From a technical point of view, breaking the pound support level at 1.6534 should be a signal to open short positions.
GBPUSD, H4
28.08.2014 11:11 GBPUSD
The pound is testing the level of 1.6600
Buy on a level breakthrough of 1.6610 with a 1.6660 target. Stop loss = 1.6560.
Reason for the trading strategy.
Today at 10:00 GMT, the UK retail sales balance compiled by CBI will be published. In August, a growth of the indicator from 21 points to 27 points is expected, which may put some pressure on the pound. Given that the yield spread between 10-year UK and the USA government bonds is still positive and amount to 2 bp, we cannot rule out attempts by the British currency to consolidate above the 1.6600 level.
GBPUSD, H4
02.09.2014 9:09 GBPUSD
GBPUSD: under pressure before the publication of the PMI in the UK construction sector
Sell on level breakthrough of 1.6575 with 1.6535 and 1.6465 targets. Stop loss = 1.6630.
Reason for the trading strategy.
Today at 8:30 GMT, the UK’s manufacturing sector PMI will be published. In August, the indicator is expected to decline from 62.4 p. to 61.5 p., which may put some pressure on the British currency.
GBPUSD, H4
Yesterday, GBP/USD is trading at 1.6588, down -0.12% on the day, having posted a daily high at 1.6617 and low at 1.6578. And today, it gets even lower to 1.6472. GBP/USD has dropped further with a decent move.
03.09.2014 9:09 GBPUSD
The pound collapses in 2.5 weeks’ time before a referendum on Scottish independence
Sell on a level breakthrough of 1.6440 with 1.6330 target. Stop loss = 1.6540.
Reason for the trading strategy.
In 2.5 weeks before the referendum on Scottish independence, the GBPUSD pair has fallen sharply. In the case of a split of a significant piece of territory from the UK, the country’s economic policy will undergo significant changes that will certainly put pressure on the pound.
GBPUSD, Daily
11.09.2014 10:10 GBPUSD
In the short term, the pound may rise to the 1.6344 level
Buy on a level breakthrough of 1.6234 with 1.6344 target. Stop loss = 1.6150.
Reason for the trading strategy.
According to the new survey, only half of the population of Scotland is ready to vote for its independence from Great Britain. The news is certainly positive for the pound. It is believed that up until September 18, the pound’s volatility will remain high From a technical point of view, the GBPUSD pair may rise to the 1.6344 level, thus closing the gap formed in the beginning of the week.
GBPUSD, H4
18.09.2014 7:07 GBPUSD
In the near future, a significant increase in the volatility of the pound is likely to occur
Sell on a level breakthrough of 1.6062 with 1.5877 target. Stop loss = 1.6150.
Reason for the trading strategy.
The outcome of the vote for Scotland’s independence in today’s referendum is now difficult to predict, against the background of recent public reports showing equality between the supporters and the opponents of Scotland’s integration with Britain. Certainly, in the case of separation of one-third of the UK’s territory, total sales of the British assets can be expected, primarily sales of the Foggy Albion government bonds. In the medium term, the pound could fall to the 1.5877 and 1.5500 marks.
GBPUSD, Daily
29.09.2014 9:09 GBPUSD
GBPUSD: consolidation before the publication of statistics on lending in the UK
Sell on a level breakthrough of 1.6213 with 1.6158 target. Stop loss = 1.6263.
Reason for the trading strategy.
Today at 8.30 GMT, the statistics on net volume of new loans granted to individuals in the UK will be published. In August, the indicator’s growth rate is expected to slow down from 3.4 billion to 3.1 billion, which may put some pressure on the pound.
GBPUSD, H4
10.10.2014 8:08 GBPUSD
GBPUSD: consolidation higher than 1.6100 support level
Buy on a level breakthrough of 1.6140 with 1.6227 target. Stop loss = 1.6080.
Reason for the trading strategy.
Yesterday, the Bank of England did not disappoint the supporters of a soft monetary policy in the UK, keeping unchanged the interest rate and the amount of asset purchases. It seems that deflation, which originated in the euro zone, is also starting to spread in the UK. Considering the current value of the consumer price index in the UK of 1.5%, the issue of an early increase of the discount rate in the country has become irrelevant. Today, a likely growth of the UK’s trade balance in August may provide some support for the British currency.
GBPUSD, H4
15.10.2014 7:07 GBPUSD
GBPUSD: under pressure against the background of lower inflation in the UK
Sell on a level breakthrough of 1.5871 with 1.5755 target. Stop loss = 1.5950.
Reason for the trading strategy
The September decline in inflation in the euro zone from 1.5% to 1.2% turned out to be a shock for buyers of the British currency. Today, the pound will attempt to adjust to the 1.5950 resistance level during the publication of the statistics on the UK labor market. Meanwhile, yesterday’s breakthrough in this level changed the technical picture for the pound for the worse, increasing the risks of the Brit lowering to the 1.5755 level.
GBPUSD, H4
27.10.2014 9:09 GBPUSD
GBPUSD: consolidation close to the 1.6110 support level
Buy on a level breakthrough of 1.6110 with 1.6183 target. Stop loss = 1.6050.
Reason for the trading strategy
Despite the decline in the annual growth rate of UK GDP from 3.2% to 3.0% in Q3 2014, the GBPUSD pair rose to the 1.6100 level against the background of the global reserve currency’s weakness. On Friday, the US Dollar began to lose ground in the FOREX market after the publication of weak statistics on new home sales in the US primary real estate market.
GBPUSD, H4
29.10.2014 8:08 GBPUSD
GBPUSD: Consolidation in the 1.6110-1.6183 range
Buy on rebound from 1.6110 level with 1.6183 target. Stop loss = 1.6050.
Reason for the trading strategy
Today at 9.30 GMT, the statistics on net volume of new loans granted to individuals in the UK will be published. The expected decline in September from 3.2 billion to 2.8 billion will probably put pressure on the British currency.
GBPUSD, H4
20.11.2014 7:07 GBPUSD
GBPUSD: consolidation before the publication of the volume of retail sales in the UK
Buy on a level breakthrough of 1.5734 with 1.5821 target. Stop loss = 1.5680.
Reason for the trading strategy
Today at 9.30 Moscow time, statistics on retail sales in the UK will be published. The 0.4% (m/m) growth in sales, expected in October will probably support the pound From a technical point of view, buying the pound should be considered above the 1.5734 level.
GBPUSD, H4
21.11.2014 7:07 GBPUSD
GBPUSD: growth against the background of an increase in UK’s retail sales
Sell on a level breakthrough of 1.5735 with 1.5790 target. Stop loss = 1.5685.
Reason for the trading strategy
In October, the UK retail sales rose from 0.8% (m/m) being 2 times better than the forecast of + 0.4% (m/m). The data show an increase in the UK’s consumer spending which largely shape the country’s GDP.
GBPUSD, H4
26.11.2014 7:07 GBPUSD
GBPUSD: under pressure before the publication of the UK GDP for Q3 2014
Buy on a level breakthrough of 1.5735 with 1.5790 target. Stop loss = 1.5685.
Reason for the trading strategy
Today at 9.30 GMT, the second estimate for the UK GDP for Q3 2014 will be published. It is expected to remain at 0.7% (q/q). We believe that the news will contribute to a growth in the British currency. On a resistance level breakthrough of 1.5735, opening long positions on the pound is worth considering.
GBPUSD, H4
27.11.2014 8:08 GBPUSD
In the short term the pound may test the 1.5932 level
Buy on a level breakthrough of 1.5827 with 1.5932 target. Stop loss = 1.5770.
Reason for the trading strategy
As expected, the UK GDP in Q3 2014 increased by 0.7% (q/q). The neutral positive statistics allowed the pound to seize the initiative from its US counterpart. At the same time, the macroeconomic statistics on the US yesterday was not up to the mark. From a technical point of view, opening new long positions on the pound should be considered at the resistance level breakthrough of 1.5827.
GBPUSD, H4
27.11.2014 8:08 GBPUSD
In the short term the pound may test the 1.5932 level
Buy on a level breakthrough of 1.5827 with 1.5932 target. Stop loss = 1.5770.
Reason for the trading strategy
As expected, the UK GDP in Q3 2014 increased by 0.7% (q/q). The neutral positive statistics allowed the pound to seize the initiative from its US counterpart. At the same time, the macroeconomic statistics on the US yesterday was not up to the mark. From a technical point of view, opening new long positions on the pound should be considered at the resistance level breakthrough of 1.5827.
GBPUSD, H4
