GBP/CHF Bouncing Off 1.5000 Support Line
March 8, 2011 7:30 am by Greg HoldenThe GBP/CHF has recently found solid support at the 1.5000 price level. Technical indicators, and the pair’s general trend, now seem to suggest a steady upward movement is expected.
British Housing and Inflation Data Driving Today’s Market
March 1, 2011 6:00 am by Greg HoldenThe theme in the past week continued to be a weaker dollar. Not all currencies enjoyed this equally – the Aussie and the euro are the big winners, while the British pound and the Canadian dollar are enjoying modest gains. ...
GBP/JPY Testing Significant Resistance Level at 134.25
February 14, 2011 7:30 am by Greg HoldenThe British pound is once more pushing towards its significant resistance level against the Japanese yen at 134.25. The pair has tested this price barrier twice before over the previous five months, failing to breach both times.
GBP/CAD Approaching Long-Term Convergence Point
February 9, 2011 7:25 am by Greg HoldenAs was highlighted in yesterday’s article, the British pound appears positioned to undergo a technical downward correction to its latest upswing. The GBP/CAD appears to also support such a perspective.
GBP/CHF Revealing Impending Weakness for Pound?
February 8, 2011 7:41 am by Greg HoldenThe British pound has been reaching significant resistance lines against a number of its primary currency rivals. A chance exists that the pound could see some downward retracement over the next several days as investors test the strength of these ...
GBP Slides on Poor GDP Figures; MPC to Vote on British Rates
January 26, 2011 7:00 am by Greg HoldenFollowing yesterday’s dismal reading from the United Kingdom regarding its gross domestic product (GDP), the British pound took a sharp nose-dive against most of its currency rivals. Today’s vote by the Bank of England’s (BOE) Monetary Policy Committee (MPC) could ...
GBP/CHF Meeting Resistance at 1.5388
January 21, 2011 7:30 am by Greg HoldenThe British pound has had difficulty breaching the 1.5388 price barrier against the Swiss franc lately. Over the past several days the GBP/CHF has attempted a breakthrough beyond this border, but has met staunch resistance each time.
GBP/JPY Continuing 6-Month Bearish Channel
January 20, 2011 8:00 am by Greg HoldenThe long-term trading pattern on the GBP/JPY appears to reveal a distinctive bearish channel over the past six months.
British Pound Poised for Short-Term Comeback
January 19, 2011 11:00 am by Greg HoldenFollowing this morning’s employment data releases from the United Kingdom, the British pound appears poised for a correction. The UK Claimant Count Change report showed a decrease in unemployment claims by approximately 4,100 individual claims over the past month. Moreover, ...
Inflation Reports and ZEW Sentiment to Lead Today’s Markets
January 18, 2011 6:30 am by Greg HoldenWith US markets absent from yesterday’s trading due to Martin Luther King Jr. Day, the USD experienced mixed results against its currency rivals. The EUR appears to have continued paring last week’s gains while the British pound looks stronger from ...
