FUND Buy 11.06.2021 12:02
GBP/USD: gaining positions before trying to continue growth
GBP came close to the resistance level of 1.4205 amid yesterday's inflation data from the US. Its breakout will open the way for growth to 1.4335.
FUND Sell 10.06.2021 08:52
GBP/USD: the instrument remains under pressure
GBP is trading ambiguously against USD in today's Asian session, preparing to test the level of 1.4100 for a breakdown. Traders are selling GBP ahead of the release of US inflation statistics on Thursday, expecting that the latter will be an additional reason to start discussions on reducing the current stimulus for the US Fed.
FUND Buy 09.06.2021 09:57
GBP/USD: the pound holds the lead in the pair
The GBP/USD pair moves within an uptrend, trading around the level of 1.4154.
TECH Sell 08.06.2021 07:52
GBP/USD: wave analysis
The pair may fall.
On the daily chart, the first wave of the higher level (1) developed, and a correction forms as the wave (2). Now, the wave A of (2) has formed, the wave B of (2) has developed, within which the wave c of B has formed, and the formation of the wave C of (2) has started. If the assumption is correct, the pair will fall to the levels of 1.3665–1.3573. In this scenario, critical stop loss level is 1.4242.
FUND Buy 03.06.2021 12:27
GBP/USD: positive statistics supported the pound
Today, the GBP/USD pair grows due to the positive Service PMI data, the key sector for the British economy.