Browsing all articles tagged with BOE Gov King Speaks
Jun
26

GBP/USD D1 Technical June 26

The key level is now 1.5400. Pair is expected to break this level and dropped further towards southward and target 1.5330-280 level. Price action on 1.5400 level should be watch. If cable manage to break this level then it will open gate towards  south and pair will then target 1.5330-270 level respectively.

But if GBP/USD manage to hold this level 1.5400 then it will take pair higher towards 1.5500-12 level. Break through 1.5512 level will take pair further upward and target 1.5550-5600 level respectively.

High impact News can change the scenario. News like BOE Gov King Speaks.

Mar
6

GBP/USD D1 Technical March 06

Yesterday Cable manage to give a day closure above 1.5100 level. Today we are expecting pair to break its resistance 1.5215 and give a day closure above this level and keep its upward trend.

If pair manage to break 1.5215 level and H4 candle close above it, then it will indicate bullish strength for GBP/USD. On the other hand, Failure of H4 candle to close below 1.5215 level will take pair towards southward.

High impact News can affect the Trend of pair. News like BOE Gov King Speaks, ADP Non-Farm Employment Change.

Feb
26

GBP/USD D1 Technical February 26

Cable is in bullish strength and targeting its resistance at 1.5263 level. Pair got a strong support from 1.5269 level. If pair manage to break this level and H4 candle close above 1.5263. Then pair will likely to move further upward and target 1.5300 level. On the contrary, daily closure below resistance will again take pair towards southward.

High impact Data’s can affect the movement of GBP/USD. Data’s like BOE Gov King Speaks, Inflation Report Hearings, CB Consumer Confidence, Fed Chairman Bernanke Testifies and New Home Sales.

 

Feb
13

GBP/USD D1 Technical February 13

Yesterday cable break its support 1.5600 level but H4 candle close above support line that’s why we have seen uppish movement later on. Today pair will test it’s resistance at 1.5692 level. If H4 candle close above 1.5692 level then we are expecting GBP/USD will move further upward and target 1.5730-50 level respectively. On the contrary, Closing of H4 candle below 1.5692 level will provide GBP bearish strength and it will then again start southward trend.

High impact News can change the scenario. News like BOE Gov King Speaks, BOE Inflation Report, Core Retail Sales m/m, Retail Sales m/m and Treasury Sec Nominee Lew Speaks.

Jan
15

GBP/USD D1 Technical January 15

Cable is showing some bullish strength today, pair will test its resistance at 1.6130 level. If GBP/USD manages to close above this level today, it will then take pair further higher.
High impact Data’s can affect the pair. Data’s like CPI y/y,  BOE Gov King Speaks, Core Retail Sales m/m, PPI m/m and Retail Sales m/m.

Dec
10

GBP/USD D1 Technical December 10

Bearish intact will remain there, Cable has support at 1.5980 level. Price action on this level should be watch carefully. If pair manages to hold its support today then GBP/USD will go upward.

High impact News of BOE Gov King Speaks can affect GBP/USD.

Nov
29

GBP/USD D1 Technical November 29

Yesterday in New York session Cable manages to break its support level of 1.5970 but didn’t go further down because  New Home Sales News came negative. Outlook for the GBP/USD is bullish for today. If pair manages to holds its trend line, uppish trend will remain intact.

Later on high impact News can change the scenario. News like BOE Gov King Speaks, Prelim GDP q/q, Unemployment Claims and Pending Home Sales m/m.

Nov
14

GBP/USD D1 Technical November 14

Near term outlook for cable is bearish. Today pair will face support at 1.5849-45 level. Bollinger bands are showing sell signals. If GBP/USD manages to break this level it will move further down side and target 1.5825 and 1.5800 respectively.
Lately some high impact data’s can change the scenario. Data’s like Claimant Count Change, BOE Gov King Speaks, BOE Inflation Report, Core Retail Sales m/m, PPI m/m, Retail Sales m/m and FOMC Meeting Minutes.

 

Oct
23

GBP/USD D1 Technical October 23

Near term outlook for the Cable is bearish for the day. Today pair will face support at 1.5990-70 levels. Break through 1.5970 will allow GBP/USD to move further downward and target 1.5920 key level.
Lately there is a BOE Gov King Speaks for GBP, outcomes of the speech may affect the movement of the pair.