GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

Pound Dollar insight GBPUSD for November 15, 2017

Pound Dollar insight GBPUSD for November 15, 2017

  • the Pound trading 0.18% lower against US Dollar

  • UK’s consumer price index (CPI) rose less-than-anticipated on an annual basis in October

  • Earlier, a medium strength signal was received to  sell the Pound/Dollar

Cable slides sharply after a minor jump till 1.3135 at the time of writing after weaker than expected UK inflation data. The pair has made a low of 1.30618 yesterday on UK political uncertainty and is currently trading around 1.30952. 

CURRENCY TRADERS Pound Dollar insight Currency pair Pound Dollar GBP/USD is trading at 1.3111. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3135, from which it is expected to attempt a rebound and fall of the pair with the target near the level of 1.2950.

Earlier, a medium strength signal was received for the sell of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3145 level. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.3195, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in GBP/USD quotations with a breakdown of the level of 1.3060.

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GBP/USD trades weak on soft inflation number, sell on rallies by FxWirePro on

At 10:40 GMT, the pair is trading at 1.3093, with the Pound trading 0.18% lower against US Dollar from the New York close, after data revealed that UK’s consumer price index (CPI) rose less-than-anticipated on an annual basis in October. The pair witnessed a high of 1.3128 and a low of 1.3075 during the session. Yesterday, the Pound traded 0.14% higher against the US Dollar in the New York session and ended at 1.3116. Immediate downside, the first support level is seen at 1.3066, while on the upside, the first resistance level is situated at 1.3128.

DatePriceOpenHighLowChange %
Jan 08, 20181.35701.35761.35861.3524-0.05
Jan 07, 20181.35771.35611.35791.35580.04
Jan 05, 20181.35711.35521.35831.35230.13
Jan 04, 20181.35531.35151.35621.35050.27
Jan 03, 20181.35161.35881.36141.3497-0.53
Jan 02, 20181.35881.35071.36021.35000.63
Jan 01, 20181.35031.35151.35221.3494-0.09
Dec 29, 20171.35151.34441.35451.34280.54
Dec 28, 20171.34431.33971.34581.33920.34
Dec 27, 20171.33971.33751.34311.33680.17
Dec 26, 20171.33741.33711.33911.33470.04
Dec 25, 20171.33691.33571.33961.33550.05
Dec 22, 20171.33621.33861.33991.3349-0.17
Dec 21, 20171.33851.33761.33891.33310.07
Dec 20, 20171.33761.33861.34221.3372-0.07
Dec 19, 20171.33851.33821.34031.33320.02
Dec 18, 20171.33821.33281.34201.33100.46
Dec 15, 20171.33211.34311.34501.3302-0.83
Dec 14, 20171.34321.34181.34631.33900.09
Dec 13, 20171.34201.33171.34221.33110.77
Dec 12, 20171.33171.33391.33811.3304-0.16
Dec 11, 20171.33391.33921.34321.3331-0.40
Highest:1.3614Lowest:1.3302Difference:0.0312Average:1.3441Change %:1.3291

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