FUND Buy 13.09.2019 13:31
GBP/USD: demand for the pound grows
The GBP/USD pair continues to grow. In early September, the price retested the local minimum at 1.2015 and dropped lower to 1.1960 but then rose sharply above the level of 1.2015 and began to form an upward momentum. Having gained over 200 points in a couple of days, the rate consolidated above the key resistance level of 1.2310 and entered the sideways consolidation.
TECH Buy 12.09.2019 08:17
GBP/USD: wave analysis
The pair may grow.
On the 4-hour chart, a downward correction of the higher level developed as the wave (2), within which the wave C of (2) ended. Now, the formation of the third wave of the higher level has begun, within which the first wave of the lower level i of 1 of (3) is developing. If the assumption is correct, the pair will grow to the levels of 1.2543–1.2704. In this scenario, critical stop loss level is 1.1952.
FUND Buy 11.09.2019 08:54
GBP/USD: pound strengthens slightly
The British pound showed flat dynamics against the US dollar on Tuesday. Investors were focused on the statistics on the UK labor market. Average Earnings ex Bonus in July slowed down from +3.9% 3MoY to +3.8% 3MoY, which coincided with the forecasts. Average Earnings Index + Bonus for the same period increased from 3.8% 3MoY to 4.0% 3MoY. The Unemployment Rate in July for 3 months fell from 3.9% to 3.8%, although analysts did not expect any changes. Claimant Change in August increased from 19.8K to 28.2K.
FUND Sell 03.09.2019 14:06
GBP/USD: general analysis
Yesterday, the GBP/USD pair declined amid growing political uncertainty and poor statistics. Prime Minister Boris Johnson’s decision to suspend the parliament caused a negative reaction from opposition parties. Today, parliamentarians should consider a bill banning Britain from hard Brexit on October 31.