Tag - gbp

GBP/USD: bears can't stop
GBP/USD: bears can't stop

The price met a support at 1.2382, so the market is consolidating on the one-hour chart. Meanwhile, bears are likely going to continue pushing the pair even lower.

Morning brief for March 31
Morning brief for March 31

The euro suffered substantial losses overnight after we received softer than expected German and Spanish inflation releases…

GBP/USD: support waiting for bears
GBP/USD: support waiting for bears

Bulls found a resistance at 1.2438, so the price is consolidating. In this case, the pair is likely going to test the nearest support.

GBP/USD:
GBP/USD: "Double Top" led to massive decline

The last “Double Top” pushed the price to a support at 1.2382. At the same time, bears are likely going to test the next support at 1.2347 – 1.2323 in the short term.

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