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GBPUSD - GBP/USD Reaching For The HFT Sell Zone!
We are analyzing the activity of HFT trading algorithms on the GBPUSD currency pair this morning and note that the pair is now entering the light HFT selling pressure zone that is noted at 1.3099 and ...
USMCA and China trade push US markets to new records, while China data improves
We still have support at the 1.1100 area and the 50-day MA. A move below the 50-day MA could well open up a move towards the 1.1040 area. GBPUSD – a third successive day of gains has seen the pound ...
Risk Appetite Remains High on Trade Deal and US Data
The currency pair rebounded off the support as noted previously. The current gains remain in place as GBPUSD remains on track to retest the 1.3100 level. If resistance is established, we expect prices ...
Foreign Exchange News: The US-China Trade Deal Has Been Signed, But What Does It Actually Cover?
GBPUSD has popped back above 1.3 while EURGBP faded from 0.86. Wednesday’s big news was of course the signing of the phase-one trade deal between the US and China. This was not really a market moving ...
FX Weekly: Consensus Favors Lower USD
We think the pair could hit new lows in the short run, which should be a good opportunity to buy GBPUSD on dips. We like the 1.2780 support (100D SMA). EUR/GBP: The pair consolidated by nearly 3 ...