Tag: GBP/USD

European stock market experiences positive change
July 14, 2023 BY Steffy Bogdanova

Technical analysis: GBP/USD bulls remain on the offensive

Short-Term Price Action Edging North of $1.31 As evident from the H1 timeframe, buyers and sellers are squaring off around the $1.31 level, following the (almost) one-sided push north after retesting the widely watched $1.30 psychological base in early London. Overhead resistance is at $1.3154, while support can be seen at $1.3055, together with a…

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Reduced retail sales curbs the pound
June 21, 2023 BY Steffy Bogdanova

Technical analysis: GBP/USD ahead of CPI data

On the daily timeframe, however, support is not visible until $1.2665, indicating that further downside could be seen for the pair. In terms of resistances, $1.3001 calls for attention on the daily timeframe, followed by weekly resistance at $1.3134. From the H1 chart, the US cash open welcomed an AB=CD harmonic support level at $1.2722…

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Market Analysis
June 13, 2023 BY Steffy Bogdanova

Daily Report: GBP/USD Ahead of UK Jobs and US CPI Data

$1.25 Resistance? Out of the H1 timeframe, I see the unit elbowed through $1.25 recently and is poised to retest the lower boundary as resistance. I know some traders will be watching the structure to the left of the price between $1.2427 and $1.2453 to form potential support (blue curve), though trendline support taken from…

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May 25, 2023 BY Steffy Bogdanova

Daily Report: GBP/USD Continues to Navigate Deeper Waters

GBP/USD Direction Given the scope to post additional underperformance, GBP/USD is likely to cross beneath H1 support from $1.2356 and target $1.23, followed by daily support mentioned above at $1.2272. A H1 close lower, therefore, could ignite breakout selling. (Chart: TradingView) Last week's report: Daily Report: Commodities displaying bearish tone... Read More Disclaimer: The information…

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Reduced retail sales curbs the pound
April 19, 2023 BY Steffy Bogdanova

GBP/USD Eyeing Higher Prices Ahead of Widely Watched UK CPI Data

GBP/USD Currency Pair Projecting Further Upside Kicking things off with a look at where we are on the weekly scale, buyers appear reluctant to push beyond YTD tops. Still, the weekly chart demonstrates scope to approach as far north as resistance from $1.2767, a long-term horizontal base sharing chart space with a trendline resistance from…

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The Brexit Deal Scenario of 2019: What May Happen with GBP?
October 25, 2019 BY Valentina Kirilova

The Brexit Deal Scenario of 2019: What May Happen with GBP?

Even if you don’t follow the economic news or any news reports at all, you’ve heard about the biggest breakup in modern history – the UK leaving the EU for good. AMarkets have shared their thoughts on this eternal topic in an exclusive piece for LeapRate. Brexit is not another run-of-the-mill separation deal, because two…

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Nadex regulated binary options exchange
January 03, 2018 BY Valentina Kirilova

Nadex widens acceptable bid/ask spread used in currency expiration value calculation

On January 2, 2018 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that on trade date Tuesday, January 2, 2018, the underlying GBP/USD cash market experienced a period of decreased activity at the open of the Nadex derivative contracts. The expiration value calculation process under ‘slow’ conditions would collect midpoints…

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