British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP
2021-07-11 04:00:00
James Stanley,
Senior Strategist
British Pound Technical Forecast: Neutral
It was a mean reversion type of weak for GBP/USD, with prices trading within the range produced by the prior week.
Matters were a bit more volatile in GBP/JPY, where an early-week drubbing found support at a big spot on the chart, after which buyers pushed for a strong Friday reversal.
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.
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British Pound Technical Forecast: GBP/USD Breaks Higher, EUR/GBP Stagnates
2021-05-08 21:00:00
Thomas Westwater,
Analyst
British Pound Technical Forecast – Talking Points
GBP/USD Breaks above triangle support putting the currency pair on a bullish footing
EUR/GBP stagnates within rangebound trading but a direction shift may be near
GBP/USD Technical Forecast: Bullish
The British Pound tracked higher against the US Dollar last week, gaining over a full percentage point. GBP/USD broke above its 20- and 50-day Simple Moving Averages recently, along with a breakout above the upper bound of a Symmetrical Triangle pattern formed over the last month of trading. Further upside in the currency pair following the breakout may be the path of least resistance.