Browsing all articles tagged with Inflation Report Hearings

GBP/USD D1 Technical June 25

The outlook for the cable is bearish under 1.5512 level. Bollinger bands are showing sell signals for the pair. Today’s support lies at 1.5330 level. If GBP/USD manage to break through this level and H4 candle closure below this level then pair will dropped further towards south and target will be 1.5270 level.

On the other hand, Break through resistance 1.5512 level will allow pair to continue its uppish trend towards 1.5600 level.

High impact News can affect the movement of GBP/USD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales, Inflation Report Hearings.


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.