GBPUSD Slumps amid the followings
Traders are afraid of the travel banns to the UK. France, Germany, and Italy have terminated flights to England for 48 hours. The prohibition might extend.
BREXIT deadline is a lame cliché nowadays
The VIU-202012/01 is responsible for the quick spreads in the UK
The UK harbors and borders are shutting down
Support is at 1.3200 and 1.3100. Depending on the UK BREXIT deal and the new COVID variant, these areas could offer bids for bulls to get back behind the wheel.
Traders are afraid of the travel banns to the UK. France, Germany, and Italy have terminated flights to England for 48 hours. The prohibition might extend.
BREXIT deadline is a lame cliché nowadays
The VIU-202012/01 is responsible for the quick spreads in the UK
The UK harbors and borders are shutting down
Support is at 1.3200 and 1.3100. Depending on the UK BREXIT deal and the new COVID variant, these areas could offer bids for bulls to get back behind the wheel.
GBPUSD MARKET ANALYSIS UPDATE | December 6, 2020
BREXIT negotiations have yet to result in an agreement. Further talks continue during the weekend.
As per recent updates, the negotiations are going slow while the UK Telegraph points out a weekend conference between UK PM Johnson and French administration Macron. It also mentions an unnamed UK source speaking, “Our hopes of any movement on Friday are pretty much gone now”, with Monday now set as the informal deadline for a deal by Downing Street.
On the other hand, the U.S contagious disease expert Mr. Anthony Fauci withdrew on Thursday for pitching uncertainty on the rigor of the British regulators who approved the Pfizer Inc vaccine on the COVID-19, saying he had confidence in the quality of their work, per Reuters.
BREXIT negotiations have yet to result in an agreement. Further talks continue during the weekend.
As per recent updates, the negotiations are going slow while the UK Telegraph points out a weekend conference between UK PM Johnson and French administration Macron. It also mentions an unnamed UK source speaking, “Our hopes of any movement on Friday are pretty much gone now”, with Monday now set as the informal deadline for a deal by Downing Street.
On the other hand, the U.S contagious disease expert Mr. Anthony Fauci withdrew on Thursday for pitching uncertainty on the rigor of the British regulators who approved the Pfizer Inc vaccine on the COVID-19, saying he had confidence in the quality of their work, per Reuters.
GBPUSD MARKET ANALYSIS UPDATE | December 6, 2020
BREXIT negotiations have yet to result in an agreement. Further talks continue during the weekend.
As per recent updates, the negotiations are going slow while the UK Telegraph points out a weekend conference between UK PM Johnson and French administration Macron. It also mentions an unnamed UK source speaking, “Our hopes of any movement on Friday are pretty much gone now”, with Monday now set as the informal deadline for a deal by Downing Street.
On the other hand, the U.S contagious disease expert Mr. Anthony Fauci withdrew on Thursday for pitching uncertainty on the rigor of the British regulators who approved the Pfizer Inc vaccine on the COVID-19, saying he had confidence in the quality of their work, per Reuters.
BREXIT negotiations have yet to result in an agreement. Further talks continue during the weekend.
As per recent updates, the negotiations are going slow while the UK Telegraph points out a weekend conference between UK PM Johnson and French administration Macron. It also mentions an unnamed UK source speaking, “Our hopes of any movement on Friday are pretty much gone now”, with Monday now set as the informal deadline for a deal by Downing Street.
On the other hand, the U.S contagious disease expert Mr. Anthony Fauci withdrew on Thursday for pitching uncertainty on the rigor of the British regulators who approved the Pfizer Inc vaccine on the COVID-19, saying he had confidence in the quality of their work, per Reuters.
Casual Market Update | GBPUSD December 2, 2020
Minor support emerged at 1.3286. The bearish push likely be seen around 1.3120 if the said deck invalids.
Minor support emerged at 1.3286. The bearish push likely be seen around 1.3120 if the said deck invalids.
GBPUSD Technical Analysis December 2, 2020
Bulls effort in declining the 1.3479 resistance wasn’t yet sufficient. GBPUSD tumbles amid the vaccine confirmation by the U.K! Support is at 1.3.
Bulls effort in declining the 1.3479 resistance wasn’t yet sufficient. GBPUSD tumbles amid the vaccine confirmation by the U.K! Support is at 1.3.
GBPUSD Technical Analysis December 1, 2020
The decline has been valid since November 2007. The descending trend line emerged after the conduction with July high at 1.719. The bears are in rule as far as the market trades below the downward trend-line.
The decline has been valid since November 2007. The descending trend line emerged after the conduction with July high at 1.719. The bears are in rule as far as the market trades below the downward trend-line.
The stochastic is moving toward the overbought zone, indicating the market might be saturated with buying.
GBPUSD overbought was brought into our attention by the stochastic indicator. The currency pair is experiencing pullbacks toward 1.2530.
This post will be updated soon.
This post will be updated soon.
GBPUSD Technical Analytics
Awaiting pullback from 1.2687
After the break in 1.2530 fromal resitance, the price had a decent correction above the said level. It gave a wonderful opportuntyu for the bulls to go long with risk of getting stopped at 1.2450.
We are awaiting the market to get closer to 1.2687 sealing before further technical analytics. Please note that the Stochastic indicator is in its overbought zone.
Awaiting pullback from 1.2687
After the break in 1.2530 fromal resitance, the price had a decent correction above the said level. It gave a wonderful opportuntyu for the bulls to go long with risk of getting stopped at 1.2450.
We are awaiting the market to get closer to 1.2687 sealing before further technical analytics. Please note that the Stochastic indicator is in its overbought zone.
Thursday, July 9th
Market orientation: Long
Daily key Resistance: 1.2687
Daily key support: 1.2530
Awaiting pullback from 1.2687
The GBPUSD had a decent technical correction above the 1.2530 resistance level. It gave the unique opportunity to the bulls to go Long with the risk at 1.2450 area.
Please note that the Stochastic indicator is in its overbought zone. Therefore, we are awaiting the market to get closer to 1.2687 to form a pattern before further technical analytics.
Market orientation: Long
Daily key Resistance: 1.2687
Daily key support: 1.2530
Awaiting pullback from 1.2687
The GBPUSD had a decent technical correction above the 1.2530 resistance level. It gave the unique opportunity to the bulls to go Long with the risk at 1.2450 area.
Please note that the Stochastic indicator is in its overbought zone. Therefore, we are awaiting the market to get closer to 1.2687 to form a pattern before further technical analytics.
Thursday, July 9th
Market orientation: Long
Daily key Resistance: 1.2687
Daily key support: 1.2530
Awaiting pullback from 1.2687
The GBPUSD had a decent technical correction above the 1.2530 resistance level. It gave the unique opportunity to the bulls to go Long with the risk at 1.2450 area.
Please note that the Stochastic indicator is in its overbought zone. Therefore, we are awaiting the market to get closer to 1.2687 to form a pattern before further technical analytics.
Market orientation: Long
Daily key Resistance: 1.2687
Daily key support: 1.2530
Awaiting pullback from 1.2687
The GBPUSD had a decent technical correction above the 1.2530 resistance level. It gave the unique opportunity to the bulls to go Long with the risk at 1.2450 area.
Please note that the Stochastic indicator is in its overbought zone. Therefore, we are awaiting the market to get closer to 1.2687 to form a pattern before further technical analytics.