GBP/USD: The next downside target is below 1.3000

The GBP/USD is licking its wounds after UK PM May sent it lower on Friday and as reports of a snap election are a concern. Where can cable fall to? The Technical Confluences Indicator shows that the GBP/USD is struggling around 1.3075 which is a dense congestion of levels including the Simple Moving Average 5-4h, the SMA 10-15m, the SMA 50-15m, the […]

GBP/USD Forecast Sep. 24-28 – Brexit roller coaster continues

GBP/USD had another volatile as top-tier figures competed with Brexit headlines and sent the pair in all directions. What’s next? The final GDP release stands out. Here are the key events and an updated technical analysis for GBP/USD. Brexit optimism around the Salzburg Summit was shattered when the EU rejected the Chequers proposal outright. The response […]

EUR/USD Forecast Sep. 24-28 – Will it choose a direction?

EUR/USD enjoyed significant gains as the US Dollar lost ground in a calm atmosphere. What’s next? Fresh inflation figures and Draghi’s testimony stand out in the last week of September. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The US announced new tariffs on China on $200 billion […]