Ahead of US PCE statistics, GBP/USD is still under pressure below 1.2400. FUNDAMENTAL OVERVIEW GBP/USD is maintaining its decline from two-month highs at 1.2423 during the European session and is
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GBP/USD has come under renewed bearish pressure and declined below 1.2100 in the early European morning on Wednesday. The UK’s ONS reported that the annual CPI declined to 10.1% in
GBP/USD remains on the defensive for the second successive day amid modest USD strength. Hawkish Fed expectations and the prevalent risk-off mood continue to underpin the Greenback. Expectations that the
GBP/USD struggles to capitalize on its modest intraday bounce from a one-month low. Hawkish Fed expectations help limit the downside for the USD and act as a headwind. Speculations that
GBPUSD Technical Analysis: Weekly Chart In the weekly charts, GBPUSD is trading in a down channel. GBPUSD is currently trading below all SMA. RSI is in the selling zone which
GBPUSD Technical Analysis: Weekly Chart In the weekly charts, GBPUSD is trading in a down channel. GBPUSD is currently trading below all SMA except MA(5). RSI is in the selling
GBPCHF Technical Analysis: Weekly Chart In the weekly charts, GBPCHF is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI
GBPCHF Technical Analysis: Weekly Chart In the weekly charts, GBPCHF is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI
GBPCHF Technical Analysis: Weekly Chart In the weekly charts, GBPCHF is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI