I agree, Gbp/Usd is almost trading flat, but risk remains on the downside.
Pound hit bottom around 1.210 level, lowest since 17th January. So far downside has been capped at 1.210 level, but risk remains on the downside as long as the pair stay below 1.23 level.
The fundamentals yesterday prompted a significant move to the upside and the pair reached a new high at 1.2370. GBP/USD is still quite bullish and it will likely continue climbing.
The week turned out to be very positive for the Sterling. GBP/USD reached a high of 1.2378, but i think Art 50 triggering will put out the fire.
It’s finally here (Article 50). What a mess.
Article 50: Theresa May to trigger Brexit process next week - BBC News
What do you think, already priced into Cable or can the Market still move on the formal announcement.
GBP/USD continues moving to the upside despite the doji candlestick on the daily time-frame at the resistance at 1.2500. The closest target is likely at 1.2550.
The pair bounced off from 1.2530 after forming a doji candlestick and a shooting star candlestick at that level on the four-hour time-frame, it will likely retrace back to 1.2440 - 1.2430.
GBP/USD reached a high of 1.2530 this week and then started going downhill. The pair is now 1.2484 as we approach the closing candles for the week. Trend on the short-term looks bearish with first bear target at 1.2453.
On the upside, a break above 1.2530 level would lead to 1.2569/70 zone.
The question is whether it will start rising again. It’s consolidating above 1.2400 and if it breaks out below that level it will likely continue falling.
GBP/USD held its ground after Article 50 was triggered. The pair looks strong enough to make a move to the upside next week.
The GBPUSD tries to gain some ground for today, but it has been oscillating during the week around the 1.2500 level with high volatility, but no clear direction.
The pair is almost trading flat, but still well within positive territory. Gbp/Usd remains its upward slope and found resistance around 1.2580/90 zone.
GBP/USD bounced off from 1.2555 after forming a doji candlestick and a spinning top candlestick at that level on the four-hour time-frame. It’s currently testing the support at 1.2470 and a breakout below that level will probably lead to a further drop towards the previous low at 1.2375.
The GBP/USD pair did not make any unexpected moves this week. The pair continued to trade in the range 1.25 and 1.2370. CMP 1.2397.
The pair is stuck in a quite wide sideways consolidation between 1.2080 and 1.2700 and it’s currently moving to the upside again. The closest target is at 1.2550.
GBP/USD had a good week this week as price advanced to a high of 1.2575. Next week the pair might consolidate if there are no major news to stir the market.
GBP/USD moved sharply to the upside after the fundmentals yesterday and reached a new high at 1.2900. It’s currently consolidating sideways, but it’s possible the move to the upside is not over yet.
Good week for the Sterling. Maybe consolidation can be expected in the coming week and a slight correction to the downside before bulls attempt to go higher.
The pair stay within the range between 1.2750 to 1.2860. In order to further gains, Pound needs to break above 1.29 level.
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