GBPUSD=X - GBP/USD
| Previous Close | 1.241 |
| Open | 1.227 |
| Bid | 1.227 |
| Day's Range | 1.227 - 1.227 |
| 52 Week Range | 1.1477 - 1.3510 |
| Ask | 1.227 |
- FX Empire
GBP/USD Weekly Price Forecast – British Pound Pulls Back for the Week
The British pound continues to see a lot of resistance in the 1.25 region, an area that is a large, round, psychologically significant figure and of course the 61.8% Fibonacci retracement.
- FX Empire
GBP/USD Price Forecast – British Pound Falls Into the Weekend
The British pound fell into the weekend, showing signs of overall weakness. After all, the jobs number was horrible in the United States, losing over 700,000 jobs, getting people to run for shelter.
- FX Empire
GBP/JPY Price Forecast – British Pound Pulls Back Slightly Against Japanese Yen
The British pound initially tried to rally against the Japanese yen on Friday but has pulled back just a bit as we continue to see consolidation. At this point, the market is likely to have to make some type of significant move.
- FX Empire
Death Cross Forming in GBP/USD
- FX Empire
GBP/USD Remains Within a Range Despite Notable Dollar Recovery
The British pound has been resilient this week and has held within a tight range relative to price action in prior weeks despite the dollar regaining upward traction.
- FX Empire
GBP/USD Daily Forecast – Consolidation Around 1.2400 Continues
The pair is in the consolidation phase after the major move that happened last week.
- Investing.com
Dollar Still in Demand, For Now
At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, rose above 100 for the first time in over a week to stand at 100.460, up 0.2% on the day and up some 0.6% on the week.
- FX Empire
Service Sector PMI and U.S Nonfarm Payrolls Put the EUR and USD in the Spotlight
Nonfarm payrolls and service sector PMIs are in focus today. With the West in shutdown mode, both labor market numbers and PMIs are expected to be dire…
- FX Empire
GBP/USD Price Forecast – British Pound Continues to Struggle at Same Level
The British pound continues to see a lot of resistance at the 1.25 handle, an area that has been like a brick wall. Quite frankly, I feel it’s only a matter of time before we rollover but with the jobs number coming out, anything can happen.
- FX Empire
GBP/USD Holds In a Range on a Sudden Drop in Volatility
After outsized price swings in the prior three weeks, volatility in GBP/USD has subsided notably as the pair has been holding within a range since the start of the week.
- FX Empire
GBP/USD Daily Forecast – All Eyes On U.S. Initial Jobless Claims
GBP/USD is set to experience increased volatility on the day the most important economic release of the week is published.
- FX Empire
Concerned That Asia Could Blow A Hole In Future Economic Recovery
We strongly believe China wants to show some strength in their perceived economic recovery and that these PMI numbers are somewhat “manufactured for effect”.
- FX Empire
GBP/USD Price Forecast – British Pound Continues to Press the Issue
The British pound continues to fall, but we continue to see buyers jump in and push the market to the upside. At this point, I believe that you need to be very cognizant of the 1.25 level, an area that is massive resistance.
- FX Empire
GBP/USD Little Changed After Manufacturing PMI Falls Back Into Contraction
The GBP/USD currency pair has traded in a sideways range over the past few session and is seen little changed in early trading on Wednesday, despite a notable rebound in the dollar.
- FX Empire
GBP/USD Daily Forecast – U.S. Dollar Continues Its Attempts To Move Higher
The U.S. dollar is once again trying to gain more ground following the major downside move of the past week.
- FX Empire
Saudis Flood Oil Markets & Equities Get Wwapped In a Sea of Red
The Global economy is experiencing unprecedented disruptions, and while the full effects of these disruptions are not yet evident, it is clear that the economy is experiencing the most abrupt and severe contraction since the Great Depression.
- Investing.com
Dollar in Demand as Economic Damage Worsens
- FX Empire
Economic Data May not Be Enough to Shift Focus as COVID-19 Continues to Spread…
A busy economic calendar may not be enough to distract the markets. The virus continues to spread at a sharp pace in spite of lockdown measures…
- FX Empire
GBP/USD Price Forecast – British Pound Continues to Test Major Area
The British pound has had a volatile session during Tuesday as we continue to test the 1.25 region. It has shown some resiliency but does look a bit overextended.
- FX Empire
GBP/USD Eases Lower As the Dollar Attempts to Recover
GBP/USD had a strong run last week but is seen easing lower in the early day on Tuesday as the dollar attempts to recovery.
