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GBP Daily Review August 16, 2019

GBP Daily Review for August 16, 2019

EUR/GBP Price Fading Back Towards Support After Double-Digit Rally

EURGBP is on course to record its first down week in over three months as bulls take a breather and wait for the next entry point.

 

EUR/GBP tumbles to daily lows, approaches 0.9200

The increasing buying pressure around the Sterling is sponsoring another decline in EUR/GBP with the next target at the 0.9200 handle. EUR/GBP weaker

 

GBP/USD nears 1.2100 as UK retail sales unexpectedly rise 0.2% m/m in July vs. -0.2% expected

The UK retail sales came in at +0.2% over the month in July vs. -0.2% expected and +0.9% previous. The core retail sales, stripping the auto motor fue

 

When are the UK retail sales and how could they affect GBP/USD?

The UK retail sales, scheduled to be published later this session at 0830 GMT, are expected to drop 0.2% m/m in July, following a +0.1% figure seen in

 

FX Price Action Setups in EUR/USD, USD/CAD, EUR/JPY and GBP/JPY

The headlines have remained busy and this morning brought another item of importance around the potential for more ECB QE.

 

USD/JPY, GBP/JPY Price Outlook: Positive Reversal as Support Holds

Bearish outlook for USD/JPY, GBP/JPY unless both pairs clear those critical levels.

 

GBPUSD Outperforming, US Dollar Bounces on Strong Retail Sales – US Market Open

GBPUSD Outperforming, US Dollar Bounces on Strong Retail Sales – US Market Open

 

GBP/USD technical analysis: Cable off daily highs coiling near the 1.2116 level

 

EUR/GBP drops to fresh weekly lows as Euro tumbles

The EUR/GBP pair continued to decline during the American session and bottomed at 0.9155, the lowest level since August 5. The Euro is falling for the

 

FX Price Action Setups in EUR/USD, USD/CAD, EUR/JPY and GBP/JPY

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EUR/USD and GBP/USD Forecast August 16, 2019

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GBP/USD technical analysis: Pullback from 2-week old resistance highlight 1.2071/70 confluence

Having reversed from a fortnight old resistance-line, GBP/USD takes the rounds to 1.2085 during early Friday morning in Asia.

 

GBP/JPY fails to hold on to recovery gains amid recent risk-off, Brexit news

GBP/JPY fails to extent previous recovery amid trade/political negative headlines from the UK and abroad.

 

GBP/USD technical analysis: 1.2150 is the level to beat for the bulls

GBP/USD is currently trading at 1.2088, having created an inverted hammer candlestick pattern on Thursday. An inverted hammer shows the bulls are begi

 

GBP/USD technical analysis: Bullish MACD favors recovery to 12-day old resistance-line, 21-DMA

GBP/USD recovers to 1.2100 as bullish MACD pleases buyers while heading into the UK session open on Friday.

 

Have a nice trading!




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