GBP Daily Fundamental Analysis

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Exchange rate of Pound on Asian session fell enough in early trading by momentum of USD dollar dominance in the forex market which responds to the rise of further Fed rate hike expectations will be conducted in September. Besides domestic feared by the British state budget balance data a natural decline in surplus which the data was released late last week.

 

 GBPUSD dropped again to the range of 1.3015-1.2975, however if the range of the correction happens then the pair will rise towards 1.3142-1.3192. So normal range on the GBPUSD pair is estimated to have the support level at 1.2949 and the resistance level at 1.3241.

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Pound exchange rate movements of the Asian session (05:40:35 GMT / 12:40 pm) is weakening against the US dollar, after opening lower at 1.3197 in early trade.  Pound exchange rate of retreat by the end of the Asian session on profit taking market strong support against the US dollar managed to master the forex market after the strength of new home sales are soaring enough exhibited significantly thereby providing further Fed rate hike expectations in September.

 

Technically GBPUSD dropped again to the range between 1.31471-1.31011, but if managed to achieve this range then the pair will rise towards the correction between 1.32172-1.32650. So  analyst argued that the normal range on the GBPUSD pair is estimated to have the support level at 1.30580 and the resistance level at 1.32984.

[myregister]

Pound exchange rate movements in the Asian session  moving weak against  US dollar, after opening lower at 1.32300 in early trading (0000 GMT), and now GBPUSD seems having some bullish sentiment from the market. Pound naturally do a profit taking on Asian session after a successfully rally for 4 consecutive days ignoring the fundamental strength of the US dollar.

 

Profit taking in conjunction with the global market optimism will be a strong hint Fed rate hike at the meeting of the Jackson Hole Symposium which begins today. Technically it seems that GBPUSD expected to decline further to around 1.32075-1.31823, but when it comes to the range, it can happen upside correction towards the range between 1.32700-1.32952 .

 

So based on that fundamental analysis and some issue about this currency then it could be estimated that the normal range of GBPUSD pair is estimated to have the support level at 1.31590 and the resistance level at 1.33452.

[myregister]

Pound exchange rate movements of the Asian session (05:00:35 GMT / 12.00) is strengthening against the US dollar, after opening higher at 1.3193 in early trade (00.00 GMT). Pound exchange rate end of the Asian session remained in a technical rebound by positive sentiment coming from Q2 2016 GDP data released later in the day, data showed that economic conditions are still unstable post Brexit.

 

However, the rate of the pound overshadowed by pidatoJanet Yellen tonight to lift the US dollar if the Fed rate hike a strong signal is given. Technically GBPUSD rose again to around 1.3237-1.3284, but if not managed to achieve this range then the pair will be a correction down towards the 1.3165-1.3125 . So the normal range of GBPUSD pair is estimated to have the support level at 1.3101 and the resistance level at 1.3329.

[myregister]

Movement pounds in the forex market last week had a strong move in early trading and ended weak momentum over the weekend by US dollar strength after the US Federal Reserve through Janet Yellen and Stanley Fischer optimistic Fed rate hike will be continued this year. But on a weekly basis just to pound exchange rate rose while the euro weakened.

 

Strengthening pound weekly gain since the beginning of the last week's trading is quite high by positive sentiment on the UK economic data in recent weeks shows that economists expected worse after Brexit.

 

Economic data were key to note that on this day in August PMI manufacturing data for England and UK PMI construction data for driving pounds.  While the pound was seen last week rose to 1.31320 against dollar but GBPUSD pair for this week is expected among the support level at 1.29937 and then 1.28522, while resistance at 1.33527 and 1.35329.

[myregister]

Pound exchange rate movements of the Asian session is weakening against US dollar after opening lower at 1.31052 in early trading (0000 GMT), the pound exchange rate fell 0.2% and the value of the rolling is at 1.30888.

 

Pound exchange rate is still moving end of the Asian session weaker enter the fourth straight day against US dollar under pressure after last week's rally. This afternoon the pound receives negative sentiment from the UK credit growth data release in July is expected to be lower than the previous period.

 

It seems that GBPUSD dropped again to the range of 1.30562-1.30130, but if managed to achieve this range then the pair will go down to the range of 1.29953-1.29695. But if it failed then will rise back to 1.31371-1.31764. So the normal range of GBPUSD pair is estimated to have the support level at 1.29690 and the resistance level at 1.32250.

[myregister]

Exchange rate of the British pound European trading session on Wednesday (31/8) proceeded to cut weaken in the last 2 days by bargain hunting market after four consecutive days experienced significant selling pressure. Sentiment which strengthening US dollar last few days to master the foreign exchange market was not able to defeat the world sentiment UK economic data released this afternoon.

Nationwide Building Society announced to the public that the rate of increase in house prices in the UK in August experienced an increase of more than the previous month. This condition shows that the UK property market is still in good condition after Brexit. Yesterday also reported a survey by GfK consumer confidence which managed to naturally increasing scores, both sentiment is what makes collecting poundsterling market.

Pound exchange rate movements in the European session (10:20:35 GMT) weakened against the US dollar, after opening lower than the previous trading at 1.3081 in early Asian trade. Pair has managed to move beyond the range of the strong resistance. For the next trade until the close of trading of American session tomorrow morning, it looks like GBPUSD will be able to rise up to the area between 1.3170- 1.3195. But if it does not reach this range will fall back to around 1.3040.

[myregister]

Pound exchange rate movements of the Asian session (04:50:35 GM) is strengthening against US dollar after opened higher at 1.31382 in early trading (0000 GMT), the exchange rate pound rose around 0.1%.

Pound's exchange rate on Tokyo session seeks to continue the rally that began trading earlier in the current signal strength of Fed rate hikes this year, which elevate US dollar. This afternoon received strength from manufacturing PMI data release expected later in the day that the data show an increase in August. In addition the market is now considering the purchase of dollars waiting for confirmation of data NPF tomorrow.

It looks like GBPUSD rose again to around 1.31724-1.32091, but if managed to achieve this range then the pair will go up towards the top of the range 1.32301. So the normal range on the GBPUSD pair is estimated to have the support level at 1.29780 and the resistance level at 1.32362.

[myregister]

Great Britain Pound exchange rate on European session (07:10:35 GMT) are moving weak against US dollar after opening higher at 1.32990 in early trading (0000 GMT), the pound exchange rate rose around 0.01% and the rolling value of GBPUSD is at 1.33002.

 

The rally on European session experienced technical barriers after successfully reaching its highest level since early August despite the positive sentiment will come from performance data from Markit services PMI which showed the data is greater than the previous period.

 

Technically GBPUSD could fall into the range of 1.3244-1.3196 if it did not reach the range of 1.3320 the pair will rise towards the top of the range 1.3250. So the normal range on the GBPUSD pair is estimated to have the support level at 1.3146 and the resistance level at 1.3398.

[myregister]

Pound exchange rate movements on Asian session (05:10:35 GMT ) is about to move its rally against US dollar after in the early opening, the price observed at 1.3305 in early trading (0000 GMT), the exchange rate pound rose 0.2% and the rolling value is at 1.3324.

Rally happened for Pounds Asian session continued the optimism where will market the UK economic fundamentals are still stable after Brexit. And today there is no economic data adds to the strength of the pound rally that followed the US dollar sentiment.

Technically GBPUSD may continue to rise into the range of 1.3355-1.3401, and if it did not achieve this range then the pair will drop to the range of 1.3268. But if the range of the above will be continued up to the top of the range 1.3420. So the normal range on the GBPUSD pair is estimated to have the support level at 1.3173 and the resistance level at 1.3435

[myregister]

Exchange rate of the British pound European trading session on Wednesday (7/9) was experiencing the profit taking which is quite sizeable and trying to cut rally earlier trading. Pound exchange rate has been rallying for 5 consecutive trading days before and trimmed this afternoon by poor UK manufacturing production report.

 

British national statistics office (ONS) reported the country's manufacturing production data for the period July, which still indicates contraction even more data in a fall from a contraction the previous period. Pound exchange rate movements in European session weakened against US dollar, after opening higher than the previous trading at 1.3439 in early Asian trade.

 

For the next trade until the close of trading ending at the American session up to tomorrow morning, it estimated that GBPUSD pair may fall further down to the range between around 1.3344- 1.3288. But if it does not reach this range and a correction will rise to the range around 1.3448-1.3470.

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Pound exchange rate movements on Asian session (05:45:35 GMT / 12:45 GMT) moving strongly against the US dollar after opening lower at 1.3336 in early trading (0000 GMT), the strong pound exchange rate of 0.1% and the rolling value for this pair is at 1.3350.

 

Pound managed to bounce back until the end of Asian trading session that seeks to cut the weakening of previous trading profit-taking as respond to poor industrial production data of the lowest throughout this year. However, although there are no economic data releases to move the pair as a few days ago, the pound rests on a US dollar negative sentiment.

 

Technically GBPUSD may continue to rise into the range of 1.3375-1.3405, and if it did not achieve this range then the pair will drop to the range of 1.3310-1.3285. But if it reaches the initial range then price will be continued to rise up to around 1.3420. So the normal range of GBPUSD pair is estimated to have the support level at 1.3209 and the resistance level at 1.3478.

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Pound exchange rate movements of the Asian session (04:15:35 GMT) moving strongly against the US dollar after opened higher at 1.3297 in early trading (0000 GMT), the strong pound exchange rate of 0.4% and the rolling value of GBPUSD is at 1.3330.

 

The pound managed to rebound on Asian session and tried to rally the British respondto solid economic fundamentals seen from the data that has been entered and this afternoon they will receive positive sentiment from the data foreign trade balance in the UK in July indicated a decrease in the deficit.

 

Technically GBPUSD may continue to rise into the range of 1.3345-1.3405, and if it did not achieve this range then the pair will drop to the range of 1.3285-1.3232. But if it reaches the initial range will be continue rise to around 1.3410. So the normal range on the GBPUSD pair is estimated to have the support level at 1.3160 and the resistance level at 1.3445.

[myregister]

Pound exchange rate movements of the Asian session (05:15:35 GMT) moving weak against US dollar after opening lower at 1.3336 in early trading (0000 GMT), the pound exchange rate fell 0.05% and the rolling value is at 1.3335.

Pound at the end of Asian session moving retreat after a strong move by gloomy expectations for Fed rate hikes after the Fed statement Lael Brainard governor. In the European session the pair is expected to rise again by economic data released sentiment and negative sentiment that is pressing the US dollar.

Technically GBPUSD can rise to the range of 1.3350-1.3413 if the correction the pair did not happen. But if the pair breaks this will be weakened heading to 1.3180 range. So the normal range on the GBPUSD pair is estimated to have the support level at 1.3139 and the level
resistance at 1.3472.

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Viewing the fundamental driving force of pounds daily exchange on forex trading Wednesday (14/9), still presents obstacles to movement of GBPUSD pair that fell badly after a strong rebound. In the end of American trading session last night (13/9), Pound retreat enough compared to rivals other US dollar triggered by disappointing economic data.

 

Exchange rate of the British pound under intense pressure from UK inflation rate in August and the country's housing price index in July. UK inflation rate remained stable and the rate of producer prices down in August. Office for National Statistics reported inflation rose 0.6 percent year-on-year in August, increased levels below economists' expectations of 0.7 percent.

 

In addition the growth rate of UK house prices slowed in July but a strong trend seen since the end of 2013 as reported by the Office for National Statistics (ONS) where the average house price rose 8.3 percent in July from a year earlier, slower than the growth of 9 , 7 percent in June. To this day the movement, the movement of pounds will be influenced very strongly by the performance data of UK labor market both on a quarterly basis as well as in July.

 

The data in the form of wage increases quarterly level data, jobless claims data as well as the unemployment rate in July. Third, data is expected to give negative sentiment for the movement of the British pound. Sterling exchange rate on overnight trade dropped 1.4 percent from the previous trading day to around 1.3194 after earlier trading at 1.3337 and closed at around 1.3336.

[myregister]

Pound exchange rate movements of the Asian session (04:10:35 GMT ) is moving strongly against US dollar after opened lower at 1.3234 in early trading (0000 GMT), Pound rose 0.2% and rolling value is at 1.3255. Pound on Asian session is moving strongly due to gloomy expectations of Fed rate hikes that plagued US dollar. Pound would be stronger if the BOE interest rate unchanged back line with expectations.

Technically it looks like GBPUSD will rise to around 1.3288-1.3335, but if there is a correction, then GBPUSD could fall down to 1.3220. So the normal range of GBPUSD pair is estimated to have support level at 1.3060 and resistance level at 1.3411.

[myregister]

Sterling exchange rate movements on European trading session (16/9) are moving very weak by the market profit-taking after two consecutive days show the strength of US dollar opponent. The weak exchange rate of the pound since Asia session triggered by a strong US dollar welcomed the release of positive economic data in the middle of a fundamental which lack of strong movers.

Previous trading pound had gained sustained by the Bank of England on Thursday that did not change its key interest rate at a record low of 0.25% position in line with expectations. Pound exchange rate movements after opening lower than the previous trading at 1.3237 and rose by 3 pips and rolling value is at 1.3166.

For the next trade until the close of trading ending American session tomorrow morning, The estimation of this pair will further fall down to the range between 1.3150 - 1.3070. But if it does not reach this range and corrected will climb back towards the range between 1.3262-1.3310 as the resistance area.

[myregister]

British pound exchange rate movements on European trading session earlier in the week has a very strong move by bargain hunting market is responding to the lack of strong fundamentals and drive business profit taking was done for the bearer of the US dollar.

 

Earlier trade slumped badly enough pounds to 2 percent by the rise of the very strong expectations of Fed rate hike at the FOMC meeting week. Strengthening this afternoon is driven also by sentiment BOE policy easing and the English parliamentary attitude reconsider to leave the EU.

 

Pound exchange rate movements in the European session (08:45:35 GMT) strengthened against US dollar, after opening lower than the previous trading at 1.3000 in early Asia trade (0000 GMT) and also it observed that the exchange rate of Great Britain Pound rose 47 pips and this pair rolling value is moving at 1.3047 ,

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst Vibiz Research Center estimates pair GBPUSD continued up to the range between 1.3120 - 1.3180. But if it does not reach this range and a correction will fall back towards the range between 1.2985-1.2934.

[myregister]

US dollar effort to rebound from trimming after its strongest position in 12 days last week on European trading session and pounds quickly respond to such pressures. So the pound is in a positive move since Asia session after retreat back towards the range of strong support.

 

Market participants consider data from US' tonight property sector that can provide power for US dollar will be fundamental since decision of the Federal Reserve hawkish tomorrow in their regular meeting which is starting tonight. Previous trading pound rebounded from previous position and fell quite badly last weekend. 

 

Pound exchange rate movements in the European session (08:40:35 GMT) weakened against US dollar, after opening higher than the previous trading at 1.3031 in early Asia trade (0000 GMT), the exchange rate pound fell 18 pips and rolling value is at 1.3013. For the next trade until the close of American session tomorrow morning, GBPUSD may fall further down to the range between 1.2991 - 1.2970. But if it fails then i think the price will climb back towards 1.3072-1.3117 range.

[myregister]

Pound exchange rate movements on Asia session (03:00:35 GMT / 10.00 am) is negative move against the US dollar after opened higher at 1.2990 in early trading (0000 GMT), the exchange rate pound fell around 23 pips and rolling values of this pair ​​are at 1.2977.

 

Pound is still moving weak on Asian session before being pressed to continue trading against US dollar by prudence market sentiment ahead of the Fed's policy tonight. Choose a secure market position into safe-haven assets by global economic uncertainty after the policy.

 

It seems fundamentally GBPUSD will go up to the range of 1.3013-1.3050 and if the pair did not retreat to the range of 1.2959-1.2905. If successfully penetrate the strong resistance continued up to 1.3100. So the normal range GBPUSD today is expected to have the support level at 1.2867 and the resistance level at 1.3156

[myregister]

Pound exchange rate movements in Asian session (02:45:35 GMT) moving strongly against US dollar, after opening higher at 1.3028 in early trading (0000 GMT), and is now rolling GBPUSD is at 1.3038.

Pound tried to continue its rally on Asia session against US dollar after the market attractiveness of their safe-haven assets and buy pounds. Permanent Fed's latest interest rate policy is stressful and potentially lif the price of great britain pound. Today the movement of pound minimal with strong fundamentals driving.

Fundamentally GBPUSD is expected to rise continuously to the range of 1.3050-1.3126, but if failed to that range, it can be a corrected down towards 1.3017-1.2938 range. So GBPUSD today is expected to have the support level at 1.2806 and the resistance level at 1.3206.

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Pound exchange rate movements on Asian session (04:40:35 GMT / 11:40 GMT) is negative against US dollar even after opening higher at 1.3076 in early trading (0000 GMT), the exchange rate pound fell 23 pips and rolling values ​​are at 1.3042.

Pound is moving in Asian session after weakened by profit taking because the market managed to rally strongly over two consecutive days by a weaker US dollar. Throughout the day there was no economic data as the fundamental driving force is strong, so it is more influenced by the sentiment of rivals including the US dollar.

Fundamentally GBPUSD will go up to the range of 1.3093-1.3130. But if the support breaks then the pair further down to below 1.2980. So normal range of GBPUSD pair is estimated to have the support level at 1.2923 and the resistance level at 1.3212.

[myregister]

Pound exchange rate movements on Asia session (04:40:35 GMT / 11:40 GMT) moves positively against the US dollar after this pair opened higher at 1.2968 in early trading (0000 GMT), the exchange rate pound rose 14 pips and rolling values ​​are at 1.2982.

Pound on Asia session is technically rebound after the end of the week fell to its lowest level since trading on August 16, 2016. There is no strong fundamental today which will affect this pair movement and make it more expensive considering the US dollar sentiment.

GBPUSD will rise steadily to around 1.3004-1.3050, but if there is a correction will fall back towards support. So it seems that the normal range of GBPUSD pair is estimated to have the support level at 1.2873 and the resistance level at 1.3217.

[myregister]

Pound exchange rate movements on European session (06:45:35 GMT / 13:45 GMT) moves positively against US dollar after opened higher at 1.2976 in early trading (0000 GMT), the exchange rate pound rose 23 pips and rolling values ​​are at 1.2999.

Pound is still able to move amid strong US dollar on EU session gains momentum after the US Presidential candidate debate providing support to Hillary Clinton. But watch out for correction by the CBI that showed British retail sales in August . This data is expected to show a lower data from the previous period.

GBPUSD will rise steadily to around 1.3018-1.3050, but if there is a correction will fall back towards the strong support. And if it breaks the range of strong support then the pair will fall to the weak support. So the normal range of GBPUSD pair is estimated to have the support level at 1.2881 and the resistance level at 1.3067.

[myregister]

Pound exchange rate movements early European session (06:15:35 GMT / 13:15 GMT) moves negatively against US dollar after opened lower at 1.3022 in early trading (0000 GMT), the pound exchange rate fell 7 pips and rolling value of Pound is at 1.3015.

 

Pound is still moving in Asian session is limited in movement negatively by market profit-taking after two straight days of rally. Sentiment strengthening of US dollar by major support to the US Presidential candidate Hillary Clinton. Still the suppressor pound today is minimal driving strong fundamentals. But the evening session the dollar is expected to receive a negative sentiment on durable goods orders.

 

Technically GBPUSD can rise to the range of 1.3036-1.3080, however if the correction pair this afternoon to the range of support strong then the pair will fall back towards the 1.2918-1.2882 range. So the normal range pair GBPUSD today is expected to have the support level at 1.2882 and the resistance level at 1.3123