GBPUSD Price Analysis Expected Scenario The GBPUSD price rallied upwards in the previous sessions, confirming the breach of the 1.2700$ level and establishing a bullish wave on the intraday and short-term basis. This movement is supported by the positive effect of the double bottom pattern visible on the chart, with targets extending up to 1.2893$. Expectations point towards further rise...

Sterling fell in European trade on Friday against a basket of major rivals, extending losses for the second day against the US dollar and moving away from two-month high on profit-taking, following grim UK data. Earlier UK data showed the economy might be shrinking faster than expected, which could prompt the Bank of England to accelerate plans to ease policies....

GBPUSD Price Analysis Expected Scenario The GBPUSD price returns to fluctuate near the key support 1.2700$ after the rise that it witnessed in the previous sessions, as it lacks the positive momentum, waiting to get positive motive that assist to push the price to resume the bullish wave that targets 1.2800$ as a next station. Until now, the bullish trend...

Price Analysis for GBPUSD Expected Scenario The GBPUSD price faced clear negative pressure yesterday, as it broke 1.2700$ and settled below it, to head towards potential turn to decline, on its way to test 1.2630$ followed by 1.2580$ levels as next main stations. Holding below 1.2700$ represents major condition to the continuation of the suggested bearish trend, as breaching it...