Is The British Pound Making A Comeback?

Aug 18, 2017 at 10:45
Przeglądane 678
7 Replies
Uczestnik z Aug 18, 2017   6 postów
Aug 18, 2017 at 10:45
EUR/GBP
Momentum appears to declining for Euro buyers especially against the British Pound. Price action has broken the 20-period exponential moving average to the downside, which had been acting as a support line for the pair. Its worth noting however, price action has broken the moving average once previously, with prices snapping back in a bullish direction. Momentum indicators confirm a lack of conviction from Euro buyers as RSI heads towards the 50 threshold and MACD begins its descent towards the zero line.

Impact event: Eurozone current account data will be released at 11:00 GMT+3, impacting Euros pairs.

 



 

GBP/USD
Following the theme of GBP recovery, the GBP/USD pair appears to be turning more bullish and is currently testing the 1.290 price level along with the 20-period EMA. Volume has been rising into the bullish move which could indicate there is still some buying interest for the Pound. Momentum indicators are mixed; with MACD following an upward trajectory however, RSI has flattened below the 50 threshold. Clearly, a break of the 1.39 price level is required to confirm the bullish momentum, with the next price target at 1.297.

Uczestnik z Apr 18, 2017   920 postów
Nov 16, 2017 at 15:34
Last week, I have opened a Buy trade on EUR/GBP! In addition, till now I am holding that trade for 320 pips profit! I opened that trade position according to the daily chart of EURGBP.
Uczestnik z Sep 20, 2019   28 postów
Feb 10, 2020 at 18:12
How does it sounds to you in 2020, it's a month over already..... do let me know what you are thinking about it. I am finding it very interested anyway. They are completing Brexit now so who knows how it will turn out here totally and completely.
Uczestnik z Jul 23, 2020   759 postów
Oct 12, 2020 at 06:58
UK is in Brexit transition period. It will end in this year. On the other hand, COVID-19 make the market unsettled. So, it is hard to say for British Pound in 2020.
Uczestnik z Jun 30, 2020   47 postów
Oct 19, 2020 at 12:14
Looking at my charts I would say so.
Uczestnik z Jul 23, 2020   869 postów
Oct 24, 2020 at 17:26
EUR/GBP losses and returns to 0.9100 mark. However, traders are growing interest about the Brexit talks.
Uczestnik z Dec 28, 2013   171 postów
Dec 07, 2020 at 05:07
Sadly, GBP willl never recover from the Brexit disaster. End-of-the Year will bring turmoil to both EUR and GBP. There is a hgh risk of hard Brexit, almost inavoidable. There is also a great risk of the dissolution of the UK.. This was solely my _opinion_. .. and that's the way I think it is..
Uczestnik z Nov 17, 2020   19 postów
Dec 30, 2020 at 04:08
I don’t trade it but I think it has already made a comeback. You can try checking it out online for more information on this.
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