Browsing all articles tagged with MPC Meeting Minutes
Jun
19

GBP/USD D1 Technical June 19

Yesterday cable a pull back from 1.5716 level and dropped around 155 pips. Bollinger bands are not providing clear signals yet.  Pair is expected to move up and test its resistance 1.5585 level.

If pair manage to break this level then GBP/USD will further move towards northward. The scenario will be vanished, if GBP/USD fails to break its resistance and H4 candle chart closure below  1.5585 level then it will indicate bearish potential and GBP/USD will then target southward.

High impact News can affect the movement of GBP/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference, MPC Meeting Minutes, BOE Gov King Speaks.

 

Apr
17

GBP/USD D1 Technical April 17

GBP/USD move up in New York session and target 1.5360 level but pair didn’t manage to overcome 1.5360 level so expected is cable will now first move down and test its support 1.5260 level. On the other hand, If pair manage to overcome its resistance and H4 candle closure above 1.5360 then it will allow GBP/USD to more upward and target 1.5430-50 level respectively.

High impact News of GBP can Effect the movement of Cable. News like Claimant Count Change, MPC Meeting Minutes.

Mar
20

GBP/USD H4 Technical March 20

GBP/USD is trading in a short range of 1.5068-1.5140 level. Break of any level will clear the trend for cable. We are expecting pair to hold its support 1.5068 level and continue its uppish trend. If pair manage to break 1.5140 level it will then allow GBP/USD to move further upward and target 1.5170-95 level respectively.

The whole scenario can be vanished, if pair break through its support 1.5068 level. It will indicate strong bearish strength and pair will likely to fall rapidly towards 1.5000 level.

High impact Data’s can affect the movement of GBP/USD. Data’s like Claimant Count Change, MPC Meeting Minutes, Annual Budget Release, FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.

Feb
20

GBP/USD D1 Technical February 20

GBP/USD is under pressure. The support is now at 1.5400 level. Bollinger bands are not showing clear signals due to oversold of pair. If pair manage to hold this physical level then we are expecting cable to target 1.5510 resistance level. If H4 candle close above 1.5510 level, then GBP will further move up and target 1.5550 level. On the other hand, daily closing below 1.5510 level will take GBP under more pressure and pair will then continue its southward trend.

High impact News can affect the movement of GBP/USD. News like Claimant Count Change, MPC Meeting Minutes, Building Permits, PPI m/m and FOMC Meeting Minutes.

 

 

Dec
19

GBP/USD D1 Technical December 19

Cable breaks its resistance 1.6240 level in New York session. Today resistance is at 1.6270 level. Price action on this level is important to watch. Break of 1.6270 level will allow pair to move further upward. Bollinger bands are not providing clear signals.

High impact News can change the Scenario. News like MPC Meeting Minutes and Building Permits.

Nov
21

GBP/USD D1 Technical November 21

Near term outlook for Cable is bearish today. It will face its support at 1.5870 level. If GBP/USD breaks this level it will take pair further down and target 1.5850-30 respectively. A closure of day below 1.5830 will indicate pair got a strong bearish strength.
Later on some High impact news will release, which can change the scenario. News like MPC Meeting Minutes, Public Sector Net Borrowing and Unemployment Claims.

Oct
17

GBP/USD D1 Technical October 17

Near term outlook for the cable is still bullish. Today GBP/USD has resistance at 1.6135-40 and support around 1.6065-75. Break through 1.6140 can give GBP/USD more strength to target 1.6180-1.6200 levels.
Lately some high impact news can affect the the movement of the pair. Data’s like Claimant Count Change, MPC Meeting Minutes and Building Permits.