The GBPUSD rose as suggested last week , topped at 1.5434 levels.On the daily chart , the pair has lost some of the upside momentum after bottoming at 1.5288 levels, since the pair failed to close below 1.5288, it pulled-back towards the key resistance 1.5390 , now pressure will be on the key resistance 1.5390, stability above the 1.5390 levels on a daily closing basis will pave the way towards 1.5465 ahead of 1.5515 levels, above 1.5515 will have large bullish implication towards 1.5750…Continue
Added by Haitham653 on July 29, 2013 at 1:29am — No Comments
Recommendations: LONG positions above 1.5374 with 1.5430 & 1.5470 as next targets.
Alternative scenario:The downside breakout of 1.5374 will call for a slide to 1.5325/280.
Description: The pair's already found support at 1.5374, as long as this level holds , It will move higher towards 1.5430 , ahead of 1.5475 levels, an hourly close below 1.5374 will reverse risks to the downside towards 1.5325/280 levels.…
Goldman Sachs - "EUR/$: Our positive stance on the EUR is due to the stronger BBoP trend for the Euro area. In contrast to the weaker balance for the US, this structural imbalance implies a gradually weaker USD and a stronger EUR. Downside risk remains in the Euro area, with growth remaining weak and the ECB signaling that it expects to keep rates low, with a downward bias, for ‘an extended period’. However in the longer run – and after more ‘muddling through’ – we expect…Continue
Added by Francesc Riverola on July 24, 2013 at 1:55pm — No Comments
(received 8h ago but could not publish it as I was sleeping :)
UBS - "EURUSD BULLISH With the trending and momentum indicators pointing higher, focus is on further upside. Key resistance is at 1.3417. Support is at 1.3134 ahead of 1.3052.
USDJPY BULLISH Any downside will be held by strong support at 98.57, which was held previously on a closing basis. Focus is on resumption of upside, with resistance at 101.53 ahead of the key resistance at…
Added by Francesc Riverola on July 24, 2013 at 1:43pm — No Comments
As shown on the weekly chart below fall from 1.3710 levels was contained well around 1.2750 levels, If we back to the past a little bit , and checked this area, you could notice that we have strong demand zone around 1.2500/1.2700 levels in medium term view. how !!
According to weekly %R Williams, we have 3 bullish divergence(s) around 1.2700 levels, added that 1.2500 is protected by the weekly EMA (30) , Sept 2012 low, and it's a round number..
See how the pair pulled-back…
Brown Brothers Harriman - "Euro: After recovering from $1.2755 on July 9 to $1.3200 on July 11, the single currency has been consolidating. In that consolidation, it has been carving out what appears to be a flag, which is understood as a continuation pattern. However, we are skeptical of the pattern's validity as it is getting too close to the apex. Nevertheless, the relative strength index and the MACDs are constructive and the 5-day average crossed above the 20-day…Continue
Added by Francesc Riverola on July 22, 2013 at 3:03pm — No Comments
After some struggle against the 55-day EMA, GBP/USD ultimately broke that resistance and closed above it. The high of this upward move was 1.5282.
GBP/USD retracements and 55-day EMA
Isn't it interesting that this high where…Continue
The GBPUSD continued to maintain its bullish momentum last week, bottomed at 1.5027 and topped at 1.5281, the weekly close above 1.5221 levels opens the way towards 1.5303 ahead of 1.5475 then 1.5750 levels, a daily close above 1.5303 will advance the pair towards 1.5475 levels.
On the downside, support is 1.5027 followed by 1.4813 levels, note that the weekly close above 1.5221 confirmed bottoming at 1.4813 levels, to reverse risks to the downside, the pair needs to hold below…
Added by Haitham653 on July 21, 2013 at 8:00pm — No Comments
HSBC - "GBP-USD is likely to fall further. UK monetary policy is seeking to distance itself from the less dovish tone emanating from the US Fed. Such a divergence in policy is a rare event in UK-US economic history, and has been associated with GBP-USD weakness in the past. In addition, while the path of policy in both countries will be determined by the economic data, here too the risks are skewed towards the GBP weakness."
(this info was published 8h ago so please take this in count)
UBS - "USDJPY BULLISH With the bull trend intact, focus is on resumption of upside, with resistance at 101.53 ahead of the key resistance at 103.74. Support is at 98.27.
GBPUSD BEARISH There is a strong resistance at 1.5283; which should be held on a closing basis. Initial support is at 1.5018 ahead of 1.4814.
USDCHF NEUTRAL There is a strong support at 0.9367. A break below this would be negative. On the upside,…
Brown Brothers Harriman - "Our longer term bullish dollar outlook has not been impacted by the near-term volatility or the possibility that the Fed's exit strategy is more prolonged than the market had come to anticipate. We have argued that the tapering may begin later than the consensus expected. This view was based on 1) ideas that the economy would stay weak in Q3 and that underlying employment growth was not accelerating; 2) that low core inflation might not be able to be ignored if…Continue
Added by Francesc Riverola on July 15, 2013 at 4:29pm — No Comments
The GBPUSD maintained a bullish momentum last week, bottomed at 1.4813 and topped at 1.5221, now pressure will be on the key resistance 1.5221, the GBPUSD will have to hold above the 1.5221 levels on a weekly closing basis to push the market for further upside gains, If seen , it will target the 1.5475 levels where a breach will turn focus on the 1.5750 levels.
Alternatively, a failure to hold above the 1.5221 levels could mean a return to the 1.4813 levels where a breach will turn…
Added by Haitham653 on July 15, 2013 at 4:08pm — No Comments
The GBPUSD rebounded strongly last week from 1.4813 levels, topped at 1.5221 levels, resistance is at 1.5304 levels ahead of 1.5465, so as long as those levels hold, the pair will return to its downside basis with risk towards / below 1.4813, a break below 1.4813 will target 1.4700 ahead of 1.4500 levels.
On the upside , a daily close above 1.5465 will confirm short term bottoming at 1.4813 and flip bias back to the upside for retesting 1.5750 levels.
On the weekly chart,…
Royal Bank of Scotland - "We thought the summer would bring significant event risk for GBP crosses and we haven't been disappointed so far. The Bank of England (BoE) and ECB have unveiled a clear dovish bias but last week also saw Bernanke pushing back Fed tightening expectations. While it seems unlikely we'll get back to the abundant liquidity fuelled market rally of earlier in the year, a commitment to ultra loose Fed policy may provide some impetus for risk positive sentiment. GBP/USD has…Continue
Added by Francesc Riverola on July 15, 2013 at 2:14pm — No Comments
As shown on the daily chart below, the GBPUSD is in extended bullish divergence after breaking below the 1.5129 levels last week, so despite the recovery we witnessed the last 48 hours, the pair remains under pressure as long as holds below 1.5304 on a daily closing basis, a failure to hold above the 1.5304 could mean a return to the 1.4813 levels, a break below 1.4813 will pave the way towards 1.4680 ahead of 1.4500.
On the upside, a daily close above 1.5304 will confirm short term…
UBS - "EURUSD and GBPUSD have experienced two major regimes over the last couple of decades. In the 1990s both currency pairs tended to weaken when investors were risk seeking while over the last decade both exchange rates have strengthened when stock markets have been rallying.
The shifting experience of the euro and the pound against the dollar appears to have resulted from the Fed changing policy stance after the internet bubble burst in 2000-2001, and consistently setting interest…
Added by Francesc Riverola on July 11, 2013 at 10:35am — No Comments
Rabobank - "Even if UK fundamentals suggest that sterling should be offer some support at current levels another burst of broad-based USD strength would still leave cable vulnerable. Later this week Fed chairman Bernanke will be speaking. He may give the market more reason to be optimistic on the US economic recovery. If this is the case cable will clearly be vulnerable. However, there is also a strong risk that Bernanke may also push back against the view that the tapering of QE is almost…Continue
Added by Francesc Riverola on July 9, 2013 at 9:22am — No Comments
The GBPUSD continued to decline last week, topped at 15303 and bottomed at 1.4856, now pressure will be on the key support 1.4856, the GBPUSD will have to hold below the 1.4856 levels on a weekly closing basis to push the market for further downside losses,Is seen it will target the 1.4600 levels where a breach will turn focus on the 1.4300 levels, note that a daily close below 1.4856 is an early warning for further decline towards 1.4700/600 levels.
On the upside, resistance is at…
Added by Haitham653 on July 8, 2013 at 8:12pm — No Comments
Rabobank - "Central bankers and US payrolls data appeared to leave the outlook for EUR/USD and GBP/USD cut and dried last week. Both the ECB and BoE were dovish while the better headline numbers within the US labour report has encouraged speculation of tapering of QE from the Fed as soon as September. Although there is little US data scheduled this week, investors will have the benefit of the minutes of the June FOMC meeting in addition to a speech from Fed President Bernanke later in the…Continue
Added by Francesc Riverola on July 8, 2013 at 11:04am — No Comments
UBS - "USDJPY BULLISH The pair extended its strength this morning and the potential is for the test of key resistance at 103.74. Support is at 99.26.
GBPUSD BEARISH Sharp fall seen on Friday is trading just above the key support 1.4832. A closing break below this would be negative. Resistance is at 1.5080.
USDCHF BULLISH Friday the pair closed above the resistance at 0.9568. This was positive opening 0.9839. Support is at 0.9560.
EURUSD BEARISH With the bear trend intact focus is…
Added by Francesc Riverola on July 8, 2013 at 8:42am — No Comments