Posts Tagged ‘GBP/USD’

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EUR/USD and GBP/USD Forecast — May 26th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 26th session. EUR/USD — As you can see, we initially tried to rally during the day on Thursday, but pulled back to form a less than impressive candle. However, even though there is a little bit of a shooting star candlestick being formed, I think we are clearly just consolidating. So, I expect the buyers to return. I think […]

EUR/USD and GBP/USD Forecast — May 24th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 24th session. EUR/USD — As you can see, it has been a negative session during the day on Tuesday as 1.12 has offered a bit of resistance. Quite frankly, I am still bullish though. This has been a pretty impulsive move. So, a pullback makes quite a bit of sense. I think 1.10 should be massively supportive and that […]

British Pound Attracts Investors

The pound sterling came under the spotlight today after the news about a terrorist attack in the United Kingdom. Reportedly, an explosion took place in Manchester after a concert. A suicide bomber is supposed to involved in this incident. This tragedy killed 22 people and 59 people were injured. However, the pound bulls shrugged off this sad news. So, the British currency is holding just below the level of 1.30. The Brexit issue […]

GBP Sharply Advances in Short Term

The British pound surged to a 6-month high against the US dollar.The GBP/USD pair reached 1.3040 for the first time in the last 6 month amid weakness of the American currency. However, today investors saw another reason to buy the British pound. According to the government data, UK retail sales jumped by 2.3% in April. This was the biggest rise since January 2016. On an annual basis, retail sales growth accelerated to 4% from 2% in March. […]

EUR/USD and GBP/USD Forecast — May 16th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 16th session. EUR/USD — As you can see, we rallied a little bit during the day, but 1.10 of course is going to offer resistance. So, I think at least this moment, I am looking for more consolidation. A move above 1.10 would be very bullish though. GBP/USD — We rallied initially during the day, but […]

EUR/USD and GBP/USD Forecast — May 12th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 12th session. EUR/USD — As you can see, we had a very choppy session on Thursday. It looks like if we can break down below the bottom of the range, we will more than likely go looking to fill the gap. The 1.0750 level underneath is support. We have not filled this gap and typically […]

Traders Awaiting BOE Monetary Policy Meeting

The current day will be significant for pound sterling traders. The GBP/USD pair still fails to hit the psychological level of 1.30. The pair has been trading in a rather wide range of 1.2920 to 1.2980 since the beginning of the week. The demand for the sterling is capped ahead of the Bank of England monetary policy meeting. The Bank of England monetary policy committee will hold a meeting later in the day. Many experts suppose that the UK's central bank […]

EUR/USD and GBP/USD Forecast — May 8th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 8th session. EUR/USD — As you can see, we fell a bit during the day on Friday, but Thursday foretold what was going to happen, I think that the market already made up its mind. You can see that we pulled back to the previous resistance to find support on Friday and then the jobs number which of course […]

EUR/USD and GBP/USD Forecast — May 5th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 5th session. EUR/USD — As you can see, we have broken out to the upside and it looks like we are probably going to try to reach towards 1.10 now. Having said that, pullbacks should be buying opportunities and if we can break above the 1.10 level, then we should go towards the 1.11 […]

EUR/USD and GBP/USD Forecast — May 4th 2017

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the May 4th session. EUR/USD — As you can see, we went back and forth, and it looks as if we are continuing to grind around the 1.09 level. It looks like there is support underneath, as the gap has been offering that support. But I think that even if we break down below the 1.0750 level, […]

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