The US Yield has gone up which is supporting the dollar. GBPUSD short term trend is down and it has been sold off from 1.400 to 1.3800 several times. GBP…
GBPUSD Market Analysis on Feb 22, 2021
GBPUSD broke the 1.3730-1.3750 to go to 1.4050-1.40560 even though the USD has got stronger because US Interest Rate has gone up. GBP trend is up and it may go…
GBPUSD Market Analysis and US NFP report on Feb 5, 2021
GBPUSD made a reversal around 1.3560-1.3565 after Bank Of England Policy Meeting yesterday. However, GBPUSD has not broke the 1.3700-1.3710 yet and it is expected to consolidate from 1.3560 to…
GBPUSD Analysis and Forex Trading Signals for Feb 4, 2021
GBPUSD dropped to 1.3618-1.3610 and then made a bounce to 1.3660-1.3665 yesterday. it did not break the 1.3618-1.3620 to generate GBP Bearish Sell Signal even though there were good US ADP…
GBPUSD Analysis and Forex Trading Signals for Feb 3, 2021
GBPUSD tested the 1.3700-1.3710 and it failed to break this zone to go back to 1.3750-1.3760. GBPUSD dropped bellow the 1.3700 level which was a strong GBP sell signal. GBP…
GBPUSD Analysis and Forex Trading Signals for Feb 2rd, 2021
The Cable went to 1.3750-1.3755 on Feb 1st and then made a correction to 1.3660-1.3665. However, GBPUSD did not go back to the 1.3730-1.3750 after bad US ISM report (…
GBPUSD Trend after the 1st day of Mr. Biden as US President and Mrs. Yellen as US Treasury Secretary
GBPUSD consolidated in the range 1.3450 – 1.3690 for many days after Brexit. However, GBPUSD is trying to break the 1.3690-1.3700 zone after the 1st day of Mr. Biden as US…