Analisa

Berita Forex

Forex

GBP/USD fades a spike to 1.4534, drops back below 1.4500

09:46 23 May /2016 Forex

As the European trading session gets underway, the GBP/USD pair reversed its bullish spike to 1.4534 and has now dropped back to 1.4500 handle.

The pair turned negative and dropped to an intraday low level of 1.4582 before recovering back to currently trade absolutely flat from Friday’s close at 1.4500 handle. The pair has now started showing signs of weakness below 20-day SMA (1.4500 level) and hence, might turn vulnerable to further downside.

'Brexit' update continues to drive sentiment across GBP pairs. With the 'Remain' camp holding an overall lead, the pair seems to take cues from European equities that have opened weak on Monday.

Technical levels to watch

Sustained weakness below 1.4500 handle is likely to get extended towards 1.4450 intermediate support ahead of 1.4400 round figure mark support. A follow through selling pressure below 1.4400 level has the potential to force the pair back towards retesting 50-day and 100-day SMAs confluence support near 1.4360-40 region.

On the flip side, above 1.4500 handle, the pair is likely to make a fresh attempt to inch back towards 1.4555-60 intermediate resistance, which if conquered paves way for an up-move beyond 1.4600 handle towards testing its next major resistance near 1.4640-50 zone.

to other news

all news
Economic outlook for the day ahead: RBA in focus - Westpac

Analysts at Westpac offered an economic outlook for the day ahead.Key Quotes:"Australia: Feb RBA meeting minutes are released, which should mirror recent upbeat commentary. Given February is a SOMP month, it is unlikely for anything extra to be revealed in the minut

23:00 20 February /2017 Forex

Greece: Misses Another Bailout Deadline as Talks Set to Resume - Bloomberg Jose Ricaurte Jaen

According to the latest wires, via Bloomberg, Euro-area finance ministers on Monday poured cold water on a quick disbursal of new aid payments, with Athens and its creditors agreeing to pick up discussions in the coming days.Key Highlights:•After months of disagreements, European cr

23:00 20 February /2017 Forex

Gold inter-market: XAU/USD holds near 2017 highs despite yields Matías Salord

Gold has been rising constantly since the beginning of the year while US bond yields are currently at the same levels they had at the beginning of the year. During the third and fourth quarter of last year, the correlation between gold and yields was e

22:46 20 February /2017 Forex