Daily price is located below 100 SMA/200 SMA reversal area for the primary bearish market condition within the following narrow support/resistance levels:
SUMMARY : bearish
GBP/USD Intra-Day Technical Analysis - ranging inside Ichimoku cloud for direction
H4 price is inside Ichimoku cloud for the bullish ranging within the following support/resistance levels:
Absolute Strength indicator is estimating the ranging market condition to be continuing.
SUMMARY : ranging
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Sergey Golubev, 2016.08.23 14:48
Technical Targets for GBP/USD by United Overseas Bank (based on the article)
is above 100 SMA/200 SMA for the bullish market condition: the
price is breaking 1.3185 resistance to above for 1.3209 target to re-enter.
price. United Overseas Bank is expecting for GBP/USD to be continuing with the bullish market condition by 1.3186 resistance to be broken with 1.3255 bullish target:
"GBP touched a low of 1.3034 before rebounding strongly. While short-term
downward momentum has waned with the strong recovery, we still believe
that the current pull-back has scope to extend lower to test the 1.2940
support first. That said, a clear break above last week 1.3186 high
could lead to a quick move towards the key 1.3255 resistance."
Sergey Golubev, 2016.08.25 14:59
Intra-Day Fundamentals - EUR/USD and GBP/USD: Durable Goods Orders
2016-08-25 12:30 GMT | [USD - Durable Goods Orders]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Durable Goods Orders] = Change in the total value of new purchase orders placed with manufacturers for durable goods.
GBP/USD M5: 23 pips range price movement by U.S. Durable Goods Orders news event
EUR/USD M5: 17 pips range price movement by U.S. Durable Goods Orders news event
Sergey Golubev, 2016.08.26 10:49
GBP/USD Intra-Day Fundamentals: Second Estimate U.K. Gross Domestic Product and 19 pips range price movement
2016-08-26 08:30 GMT | [GBP - GDP]
if actual > forecast (or previous one) = good for currency (for GBP in our case)
[GBP - GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.
GBP/USD M5: 19 pips range price movement by Second Estimate U.K. Gross Domestic Product news event
Sergey Golubev, 2016.08.26 16:26
Intra-Day Fundamentals - EUR/USD and GBP/USD: Fed Chair Yellen Speaks
2016-08-26 14:00 GMT | [USD - Fed Chair Yellen Speaks]
[USD - Fed Chair Yellen Speaks] = Speech titled "The Federal Reserve's Monetary Policy Toolkit" at the Federal
Reserve Bank of Kansas City Economic Symposium, in Jackson Hole
"Although fiscal policies and structural reforms can play an important
role in strengthening the U.S. economy, my primary message today is that
I expect monetary policy will continue to play a vital part in
promoting a stable and healthy economy. New policy tools, which helped
the Federal Reserve respond to the financial crisis and Great Recession,
are likely to remain useful in dealing with future downturns.
Additional tools may be needed and will be the subject of research and
debate. But even if average interest rates remain lower than in the
past, I believe that monetary policy will, under most conditions, be
able to respond effectively."