Falls Toward 1.3600 After Breaking Below Nine-Day EMA - Data Intelligence

Falls Toward 1.3600 After Breaking Below Nine-day EMA - Data Intelligence

GBP/USD may find initial resistance at nine-day EMA of 1.3645 The 14-day Relative Strength Index holds slightly above the 50 mark, reinforcing a mild bullish bias. The primary support appears around monthly low at 1.3562. The GBP/USD pair extends its losses for the second successive session, trading around 1.3620 during the Asian hours on Monday. The bullish bias persists as the daily chart’s technical analysis indicates that the pair remains wi…

GBP/USD Dips as EUR/GBP Accelerates Higher - Action Forex

GBP/USD failed to climb above 1.3800 and corrected some gains. EUR/GBP is rising and might climb above the 0.8670 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below the 1.3700 support against the US dollar. There is a key bearish trend line forming with resistance near 1.3650 […] The post GBP/USD Dips as EUR/GBP Accelerates Higher appeared first on Action Forex.

Market Analysis: GBP/USD Dips as EUR/GBP Accelerates Higher

GBP/USD failed to climb above 1.3800 and corrected some gains. EUR/GBP is rising and might climb above the 0.8670 resistance.Important Takeaways for GBP/USD and EUR/GBP Analysis TodayThe British Pound is showing bearish signs below the 1.3700 support against the US dollar.There is a key bearish trend line forming with resistance near 1.3650 on the hourly chart of GBP/USD at FXOpen.EUR/GBP is gaining pace and trading above the 0.8600 zone.There w…