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GBP news

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GBPUSD Technical Analysis: Headed back towards challenging 200-hour SMA

#221
GBP/USD Technical Analysis: Headed back towards challenging 200-hour SMA stiff resistance

  • The pair finally broke out of its Asian session consolidation phase and was now seen building on the momentum further beyond the 1.2600 handle.
  • Technical indicators on the 1-hourly chart have been gaining traction and remained supportive of the ongoing up-move amid a modest USD retracement.
  • However, oscillators on 4-hourly/daily charts are yet to move out of the bearish territory and hence, any subsequent might remain capped near the 200-hour SMA.

GBP/USD 1-hourly chart
GBP_USD (25)-636806438791520718.png

Overview:
Today Last Price: 1.2627
Today Daily change: 46 pips
Today Daily change %: 0.366%
Today Daily Open: 1.2581

Trends:
Previous Daily SMA20: 1.2734
Previous Daily SMA50: 1.2889
Previous Daily SMA100: 1.2931
Previous Daily SMA200: 1.3256

Levels:
Previous Daily High: 1.2676
Previous Daily Low: 1.2529
Previous Weekly High: 1.276
Previous Weekly Low: 1.2477
Previous Monthly High: 1.3176
Previous Monthly Low: 1.2723
Previous Daily Fibonacci 38.2%: 1.2585
Previous Daily Fibonacci 61.8%: 1.262
Previous Daily Pivot Point S1: 1.2515
Previous Daily Pivot Point S2: 1.2449
Previous Daily Pivot Point S3: 1.2369
Previous Daily Pivot Point R1: 1.2662
Previous Daily Pivot Point R2: 1.2742
Previous Daily Pivot Point R3: 1.2808

Source: https://www.fxstreet.com/news/gbp-usd-t ... 1812171146
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UK final Q3 2018 GDP comes with no surprises

#222
UK Q3 2018 GDP final 0.6% vs 0.6% exp q/q: Prior 0.6% 1.5% vs 1.5% exp/prior y/y $GBP

  • Q3 2018 UK GDP final revision 21 December 2018
  • GDP final 0.6% vs 0.6% exp q/q. Prior 0.6%. Q2 0.4%
    1.5% vs 1.5% exp y/y. Prior 1.5%
  • Business investment -1.1% vs -1.2% prior q/q
    -1.8% vs -1.9% prior y/y
  • Exports 1.1% vs 2.7% prior q/q
    -1.3% vs 0.7% prior y/y
  • Imports 0.8% vs 0.0% prior q/q
    0.2% vs -0.5% prior y/y
  • Employee compensation 1.4% vs 1.3% prior q/q
    4.2% vs 3.9% prior y/y
  • Disposable income 0.0% q/q
    1.4% y/y
  • Household spending 0.5% unch q/q
    1.8% unch y/y
  • Gross fixed cap formation 0.5% vs 0.6% prior q/q
    -0.3% vs 0.0% prior y/y

Nothing much to write home about. The wires are screaming that biz investment is the worst since Q1 2016 but it was better than the prelim so how bad did that make it. GBPUSD doing nothing at 1.2660.

Household spending was unchanged but that’s no good if disposable income isn’t there. The only other plus side was wages being revised up. That suggests that everything that’s coming in, is going out on bills. That could show a softer consumer down the line.

Source: https://www.forexflow.live/2018/12/21/n ... surprises/
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GBPUSD Technical Analysis:Fails near 100-hour SMA

#223
GBP/USD Technical Analysis: Once again fails near 100-hour SMA

  • For the second consecutive session, the pair struggled to build on its intraday positive momentum and started retreating from 100-hour SMA hurdle near the 1.2670-75 region.
  • Technical indicators on hourly/daily charts have been recovering from the bearish territory but are still far from supporting prospects for any further near-term positive move.


GBP/USD 1-hourly chart
GBP_USD (33)-636815841864544980.png

Looking at the daily chart, the pair has been oscillating within a broader trading range over the past 1-1/2 week, suggesting indecision over the near-term trajectory.
Hence, it would be prudent to wait for a decisive break through the mentioned trading band before traders start positioning for the pair's next leg of a directional move.

Daily chart
GBP_USD (34)-636815842440349331.png


Overview:
Today Last Price: 1.2654
Today Daily change: 0.0 pips
Today Daily change %: 0.00%
Today Daily Open: 1.2654

Trends:
Previous Daily SMA20: 1.2663
Previous Daily SMA50: 1.28
Previous Daily SMA100: 1.29
Previous Daily SMA200: 1.3199

Levels:
Previous Daily High: 1.2676
Previous Daily Low: 1.2616
Previous Weekly High: 1.2708
Previous Weekly Low: 1.2574
Previous Monthly High: 1.3176
Previous Monthly Low: 1.2723
Previous Daily Fibonacci 38.2%: 1.2653
Previous Daily Fibonacci 61.8%: 1.2639
Previous Daily Pivot Point S1: 1.2622
Previous Daily Pivot Point S2: 1.2589
Previous Daily Pivot Point S3: 1.2562
Previous Daily Pivot Point R1: 1.2681
Previous Daily Pivot Point R2: 1.2708
Previous Daily Pivot Point R3: 1.274

Source: https://www.fxstreet.com/news/gbp-usd-t ... 1812280859
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GBPUSD trimming the hatches with Brexit vote around the corner

#224
GBP/USD trimming the hatches with Brexit vote around the corner

  • Sterling traders pushed into the middle ahead of UK parliament's Brexit vote.
  • After Brexit deal vote, plenty of high-impact data remains on the week.

GBP/USD is trading softly lower into 1.2840 as investors turn their eyes to tomorrow's critical parliamentary vote on PM May's Brexit withdrawal proposal, which is expected to face resounding defeat.

Monday brings little action on the economic calendar, but Tuesday's parliamentary vote will see traders keeping a close eye on headlines today as they try to find a safe place to stand ahead of the almost-guaranteed washout of Prime Minister Theresa May's current withdrawal deal, which is seen losing by a devastating margin in the House of Commons, after which PM May's government will have just three days to deliver an alternative plan, and Cable traders are buckling down ahead of the key vote.

The early week sees little of note on the economic calendar for both the Sterling and the Greenback, but after tomorrow's parliamentary vote plenty of action is still to come this week, with inflation figures for both currencies due, as well as headline Retail Sailes in the mid-week.

GBP/USD Levels to watch
Despite Brexit issues coming in a for a landing, Cable technicals are leaning higher, according to FXStreet's own Valeria Bednarik: "from a technical point of view, the daily chart offers a bullish stance, as the pair has held throughout the week above a bullish 20 DMA, now gaining upward traction around 1.2680, as technical indicators maintain their upward slopes in positive levels, although with limited strength. In the 4 hours chart, the upside is also favored, as despite losing upward momentum, technical indicators hold near their daily highs, while the pair develops above its 20 SMA and the 200 EMA. If the pair loses the 1.2800 level, however, the risk will turn to the downside, at least short-term."

Support levels: 1.2805 1.2760 1.2720
Resistance levels: 1.2865 1.2900 1.2945

Source: https://www.fxstreet.com/news/gbp-usd-t ... 1901140500
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GBPUSD set for a challenge of 1.3000

#225
GBP/USD set for a challenge of 1.3000, lagging UK retail sales clouding the picture

  • Despite a bullish push to end the week, Cable markets remain tense as Brexit uncertainty settles in for the long haul.
  • PM May may have won her no-confidence vote, but her hands remain tied, with only days to produce an alternative Brexit deal.

GBP/USD is trading just south of the major 1.3000 handle as Pound sentiment improves heading into the week's end, with the Cable floating near 1.2980 and sticking near Thursday's closing prices.

Retail Sales data is slated for Friday morning, dropping at 09:30 GMT with December's annualized Retail Sales forecast to hold steady at 3.6%, but the decidedly mid-tier data is unlikely to drive much attention as markets remain focused on Brexit developments.

Prime Minister Theresa May, having survived a no-confidence vote, still faces an unwinnable uphill task, with a deadline of Monday to produce an alternative Brexit withdrawal agreement, or PM May may have no choice but to face a Brexit delay despite her government's vehement opposition to such a move. But in the interest of averting an economic disaster in the shape of a hard Brexit, May's government may face no choice but to face down an extension of Article 50, and the Brexit wheel is set to resume turning over slowly after two years of little to no progress, and the grim reality facing the Cable could see the GBP restrained in the long-term, but in the meantime, Pound traders are enjoying a much-needed bounceback at the tail-end of a tough week.

GBP/USD Levels to watch
Despite Brexit uncertainty set to continue into the future, Sterling traders are beginning to finally push out for more gains, and GBP/USD is set for a bullish continuation according to FXStreet's own Valeria Bednarik:

The pair is technically bullish, approaching the key 1.3000 mark. The 4 hours chart shows that a bullish 20 SMA keeps providing intraday dynamic support, currently at around 1.2870, while the indicator keeps advancing above the 200 EMA, this last modestly bullish over 200 pips below the current level. The RSI indicator in the mentioned chart near oversold levels, while the Momentum maintains a bullish slope well above its midline, indicating the advance may continue during the upcoming sessions.

Support levels: 1.2930 1.2885 1.2840
Resistance levels: 1.3000 1.3035 1.3080

Source: https://www.fxstreet.com/news/gbp-usd-s ... 1901180504
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Re: GBP news

#226
I thought we would see a big drop after the deal was rejected but that hasn't happened yet and it may not happen.

Re: GBP news

#227
mlawson71 wrote:
Sat Jan 19, 2019 1:45 am
I thought we would see a big drop after the deal was rejected but that hasn't happened yet and it may not happen.
Same here. It actually went up haha :cray:
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Re: GBP news

#228
It is always the opposite. When "crowd" thinks it is going down, it will go up. And same time "media" is giving "news" 24/7 that it will go down. That is how Interbanks makes money.
No-Brexit is my guess, they will have new Peoples Vote and result will be No-Brexit.
Every politics who has been driving Brexit is out/fired. May is next in line.

Re: GBP news

#230
FBI wrote:
Sun Jan 20, 2019 3:25 pm
Crowd started to sell and price started to rice.
rice pudding




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