GBPUSD Trading Commentary: February 6

GBPUSD Chart

The bias for the GBPUSD (Cable) is neutral to bullish. In the near-term the price action has been very bullish, moving from approximately 1.5250 in mid-January to currently be trading around 1.5800. The shorter-term EMAs are crossed higher and diverging, and the price action has just recently moved above the longer-term EMA filter and pervious [...]

FX Cable Trading Advice: December 15

GBPUSD Chart

The bias for the Cable (GBPUSD) is bearish. We note the shorter-term EMAs crossed lower and diverging and the price action below the longer-term EMA filter, which is negative. Whilst we are bearish, we note support at 1.5400 and would only be sellers if this level were to be breached. To facilitate this, traders can [...]

GBPUSD Chart & News: November 25

GBP_USD chart

We switched to a four-hour chart on the GBPUSD to put the recent move lower into better context. It’s been a steady progression south for the pound and that trend looks set to continue. For those who are a little more aggressive, consider setting on stop sell orders at 1.5449. If shorts are considered, stops [...]

GBPUSD Currency Pair Profit News: August 18

fx chart 18

We recently covered GBPUSD on our FX report with a bullish bias. We provided a suggestion for traders to buy the GBPUSD at 1.6250, with targets aimed at 1.6500. As we anticipated, the price action rallied significantly since our initial analysis, reaching all the way up to 1.6590. Traders who followed our guidance would have [...]

Trading FX Update June 9

The Australian dollar has been sold off over recent sessions with a number of economic announcements hurting the local unit. Overnight, the yen strengthened against all 16 of its major counterparts, with investors seeking safe-haven refuge after an unexpected slowdown in German industrial production. The impending BoE interest rate decision due out this evening is [...]

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