Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Forex Market Commentary By TitanFX
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="titanfx, post: 107851, member: 33464"] [SIZE=6][B]GBPUSD – British Pound Awaits Employment Report For Next Move[/B][/SIZE] [SIZE=5][B]Key Highlights [/B][/SIZE] · British Pound after declining below 1.2900 versus the US Dollar found bids and recovered. · There was a major bearish trend line formed on the 4-hours chart of the GBPUSD, which was broken during the recent upside move. · Today in the UK, the Claimant Count Change, Rate and ILO Unemployment Rate will be released by the National Statistics. · The forecast is slated for change of 9.5K in July 2016 in the Claimant Count compared with the last 0.4K. [SIZE=5][B]GBPUSD Pair Technical Analysis[/B][/SIZE] The British Pound was under attack versus the US Dollar, as it traded below 1.2900 before starting a recovery. Can the GBPUSD pair continue to recover or will it face sellers? [IMG]https://s3.postimg.org/53woiz143/GBPUSD_08_17_2016.png[/IMG] As mentioned, there was a major bearish trend line formed on the 4-hours chart of the GBPUSD, which was cleared by the GBP bulls. It is a positive sign, but there are other resistances waiting on the upside to act as a hurdle, including the 100 simple moving average (H4). It may depend on the incoming data how the GBP performs. I feel there is a chance of a test of 100 SMA in the short term. ------------------------------------------- [B][I]Posted by Aayush Jindal - 'Titan FX Currency Analyst'[/I][/B] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…