GBP Daily Fundamental Analysis

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Pound exchange rate movements in the end of European session (08:15:25 GMT / 15:15 GMT) gains a positive move against US Dollar after the price of this pair opened at the lower position at 1.2377 in early trading (0000 GMT), now the pound exchange rate rose around 41 pips and the pair is rolling at 1.2419.

 

The pound price rate is still strong after the European session since the beginning of Asian session sentiment rose by US election results where Donald Trump won and had to go through a range of weak resistance. But after the speech the US president's first pair move down again to the pivot position.

 

Technically GBPUSD moved down towards the 1.2354-1.2282 range. But if there is a correction price may be climbed back to the range of 1.2547-1.2615. So i think that this pair may have the normal range which estimated to be around the support level at 1.2230 and the resistance level at 1.2615.

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Pound exchange rate movements on the Asian session (03:15:35 GMT) moving strongly against the US dollar, after this pair's price opened flat at 1.2403 in early trading (0000 GMT), and is now GBPUSD's rolling value is locate at around 1.2415.

Pound observed on Asian session trying to continue its strength received from the previous trading when the US dollar finally strengthened at the end of trading. The strength of the British pound gained from the decision to Brexit have the support of the vision and mission of US President newest Donald Trump.

Technically GBPUSD will go up to the range of 1.2475-1.2552, but if it is not up to the range, it can be corrected down towards the range between 1.2375-1.2300. So the analyst suggests that the normal range for GBPUSD pair is estimated to have the support level at 1.2125 and the resistance level at 1.2667.

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The positive sentiment that support the British pound rally continued into the European session the weekend (11/11) grew stronger after the UK Office for National Statistics (ONS) announced the construction project data United Kingdom period in September. GBPUSD is moving positively previous trading rose to its highest level since October 6, 2016 trading.

ONS UK construction project report in September increased from the previous month period, as seen from the index of construction output climbed to 0.3% after a contraction at -1.1%. Pound exchange rate movements is still strong against the US dollar, after opening lower at 1.2556 in early trading Asian session 

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates GBPUSD pair will continue to rise to the range 1.2692 - 1.2774. But if there is a correction again, going down towards the 1.2507-1.2441 range.

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Continued profit-taking against of pound against US dollar exchange rate entering the second straight day intensified after the positive sentiment that had been turned into a weakening corrects negative sentiment. This condition occurs when the UK Office for National Statistics (ONS) reported the inflation rate of the country on Tuesday (15/11).

 

ONS reported a decline in inflation in October compared to the previous period, even worse than economists forecast. Inflation fell to a 0.9% after rising 1.1% in September and economists forecast fallen to 1%.

 

Pound exchange rate movements in the European session (10:55:35 GMT) weakened against the US dollar, after the price opened lower than the previous trading at around 1.2489 in early trading Asian session (0000 GMT), the exchange rate of GBP fell about 87 pips and the pair is still at 1.2402.

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates GBPUSD pair will continue to fall to the range between 1.2374 - 1.2343. But if there is a correction again, will rise towards the range betwee 1.2545-1.2610.

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Pound exchange rate movements on Asian session is still depressed against US Dollar where before the price opened higher at 1.2445 in early trading, the pound exchange rate is falling down to around 21 pips and the pair is rolling at 1.2424.

 

Pound is still depressed by market considerations will be the jobless claims data in October that swelled so much so alarming unemployment rate for the month will be reported next month. Besides the release of retail sales data reported in the European session be difficult to defeat the fundamental strength of the US dollar tonight.

 

Technically GBPUSD observed to fall down to the range between 1.2398-1.2301 and if able to break it then it will fall back towards the third support level. So the analyst suggests that GBPUSD pair is estimated to have the support level at 1.2301 and the resistance level at 1.2580.

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Pound exchange rate movements on Asian session is still negative move against the US dollar after opening lower at 1.2413 in early trading (0000 GMT), the pound exchange rate is now fall about 24 pips and the pair is rolling at 1.2389.

Pound based on Asian session is still depressed continuing pressures that plagued which make GBPUSD pair weakened entered in 5 consecutive days. The positive economic data releases last few days less raised pair, today there is no economic data released just one which may lift GBP which is BOE Speech.

Technically GBPUSD will descend towards the range of 1.2375-1.2332 and if the pair failed will be further down to 1.2298. And if there is a correction between the range described above, pair may rise to the range of 1.2435-1.2500. So the analyst suggests that GBPUSD today is expected to have the support level at 1.2298 and the resistance level at 1.2561.

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Pound exchange rate movements on Asia session still move negatively against US Dollar after the price opened lower at around 1.2345 in early trading (0000 GMT), the pound exchange rate is now fall about 1 pips and the pair is rolling at 1.2344.

Pound on Asia session is still depressed continuing pressures that plagued GBPUSD for 5 consecutive days. Rebound made possible due to quiet the catalyst driving the dollar currency pair GBPUSD pressing last week quite strong. Last weekend the pair receives the negative sentiment of the statement is dovish BOE Deputy Governor.

Technically GBPUSD seems fall to the range between 1.2308-1.2345 and if the pair breaks it then will fall further to around 1.2221. And if there is a correction between the range described above, pair may rise to the range between 1.2378-1.2438. So GBPUSD pair is estimated to have the support level at 1.2274 and the resistance level at 1.2221.

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Profit-taking pressure after the pair GBPUSD managed to defeat American dollar trading session on Wednesday (23/11) began to cut entering the European session on Thursday (24/11) by his off the US market today. Additionally pounds of data expected minor BBA Mortgage Aproval provides strong power to continue strengthening the previous trading.

Pounds gained in the previous trading when other major rivals weakened US dollar, triggered by reports financial officer of British rule before parliament about the projected monetary and fiscal conditions of the country in Autumn Forecast Statement.

In the report mentioned cuts GDP target 2016 to 2019 and plan to increase fiscal stimulus and also the country's infrastructure sector post Brexit. GBPUSD capable of moving to respond to the report by market expectations that a positive stimulus for the UK economy faced problems that occurred after Brexit.

Pound exchange rate movements on European session weakened against the US dollar, after opening lower than the previous trading at 1.2441 in early trading Asian session. Analyst see the pair GBPUSD rising to the range between 1.2443-1.2469, and a break-up to the range 1.2512 - 1,257.

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Pound exchange rate movements on Asia session was still moving strongly against US dollar after the price opened higher at 1.2472 in early trading, the pound exchange rate is now rise about 5 pips and the pair is rolling at 1.2519. The pair have managed to penetrate a range of daily resistance.

Pound entering Asia session tried to rally back to continue the trend of the previous trading, amid lack of catalysts driving the currency. So that the GBPUSD pair is predicted to move bullish. 

Generally, GBPUSD rise towards 1.2549-1.2596 and if the pair breaks 1.2596 will rise to 1.260. But if not breaks that range then it will fall into the range of 1.2439-1.2368. So the normal range on the GBPUSD pair is estimated to have the support level at 1.2328 and the resistance level at 1.2553.

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Sterling in early trading last week's retreat by profit-taking after rallying 3 consecutive days last week, a strong rebound in the middle of the European trading session after UK economic data released encouraging. Increased positive UK economic data post Brexit often be a leap for pound exchange rate, as it did last week managed to rally after Q3 GDP report as well as business investment.

The Bank of England (BOE) announced some of data that drives the semi-major for GBPUSD pair such as data mortgage aproval in October, consumer credit same period, the data M4 money supply data and net lending individuals. All these data showed an increase exceeding expectations, torn pair GBPUSD jumped up again.

Analyst see GBPUSD pair could continue to rise towards the range between 1.2482-1.2561. But if it does not penetrate these ranges and correction can descend towards the range between 1.2375- 1.2340.

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Sterling exchange rate movements since the Asian session until the European session on Wednesday (30/11) still continue to face some consolidation affecting sentiment globally and also to index the currency of the UK. Some time after the London market opened as BOE Governor Mark Carney gives the same statement strees test reports of banking and monetary conditions report stability of the country reported today.

For a report on bank stress test in the country, Mark Carney rate is still positive compared to expectations of poor post-Brexit. But the monetary side, the BOE post Brexit see credit conditions and declining private savings. Carney statements above a positive sentiment for the GBPUSD rate.

But the momentum on US session to elevate dollars to a ballast for the rate of the GBPUSD pair. If the data were significant increases ADP employment change then the pair will hit. Pound exchange rate movements in the European session strengthened against the US dollar.

Analyst see GBPUSD pair could continue to rise towards 1.2529-1.2569 range. But if it does not penetrate these ranges and correction can descend towards the range 1.2459- 1.2410.

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Pound exchange rate movements on Asia session is moving strongly against the US dollar after the price opened lower at 1.2506 in early trading (0000 GMT), the pound exchange rate is now down 8 pips and the pair is rolling at 1.2524.

Pound enter Asia session and tried to continue the rally amid by strengthening US dollar against major rivals after receiving positive sentiment from a surge in crude oil prices reinforce risky assets such as GBPUSD. In addition hawkish statement Mark Carney on Wednesday (30/11) morning still provide power pair and also the release of the PMI manufacturing data in the European session.

But watch out for correction entered American session due to positive sentiment that sustains the strong US dollar. If some data releases will reportedly exceed expectations then the pair feared correction.

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The movement of sterling rally since the second day of trading this week (29/11) and further continues until the beginning of the European session began trimmed ahead of the American session this evening (2/12). Whereas the European session increase UK PMI construction data exceeded expectations trying to add power to rally, but sentiment US NFP data released a few hours longer dominate the forex market.

GBPUSD strength since Asia session until the European session gets power from the rest of hawkish statement David Davis, who was a diplomat from the British Conservative Party and now serves as Secretary of the UK Brexit. The Brexit officials said Britain would continue to consider paying dues in the EU in order to get full access to the EU market.

GBPUSD on European session is still strong, after opening lower than the previous trading at 1.2587 in early trade on Asian session, GU rate is now moving in the position of 1.2610. Analyst see GBPUSD could fall towards 1.2564-1.2531 range if the strengthening of the current pair is not to reach the range 1.2651- 1.2705.

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The pound is trading last week moved a long rally resumed until the first day of the European trading session this week by receiving positive sentiment from the business services sector performance report period in November. Previous pound has moved positively by the development of the tug Brexit negotiations between the government and the high court negeir.

Markit Services PMI indicator reporting period November United Kingdom experienced an increase in score baikâ from the previous month and also the period of the previous market consensus. Ekspektasikan market index scores are in the position of 54.2, but its value in November by 55.2.

In the US session the pair movement may be a correction if the performance reports both by the American services sector and less government Markit survey showed a significant increase in the data.

Pound exchange rate movements in the European session is still strong against the US dollar, is now in a position to move the pound exchange rate 1.2720. Analysts see GBPUSD pair could fall towards 1.2613-1.2570 range if the strengthening of the current pair is not to reach the range 1.2755- 1.2835.

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Pound exchange rate movements in the end of Asian session is weaker than what we anticipated against the US dollar after the price actually opened higher at 1.2679 than previous one in early trading, the pound exchange rate is now fall down around 19 pips and the pair is rolling at 1.2660.

Pound at end of Asia session resumed profit taking trading pressure before considering the release of UK manufacturing production data which will be reported negatively in European session which has some effect on the next GBPUSD movement.

Technically GBPUSD fall down towards the range of support between 1.2624-1.2565 and if it does not reach this range the price will rise towards 1.2699-1.2747. So the analysts suggest that the normal range of GBPUSD is estimated to have the support level at 1.2567 and the resistance level at 1.2780.

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Pound exchange rate movements in the end of Asia session move weaker against USD after the price of this pair opened lower at around 1.2624 in the early session trading. The pound in this case seems falling down around 19 pips and trying the rolling value is at 1.2653.

The pound managed to move the end of the Asian session rally after being opened in the previous trading continued pressure. Power derived from the rebounding market sentiment focusing awaits the results of ECB meeting and also the position of British politics which further to penetrate the European market after Brexit.

Technically GBPUSD seems rise towards the resistance range between 1.2678-1.2735 and if it does not reach this range this pair will drop towards the range of 1.2604-1.2575 . So the analysts suggest that GBPUSD is estimated to have the support level at 1.2531 and the resistance level at 1.2747.

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Consolidation movement of GBPUSD pounds since the Asian trading session, rebounded strongly enter the European session to respond to the estimated data release UK trade balance improved in October. However, after the Office for National Statistics (ONS) announced a significant decline of foreign trade deficit in the UK, GBPUSD rebounded stronger.

Market attention on the evening session rests on the Prelim UoM consumer sentiment report which is expected to provide power for a US dollar rally consolidation moves against many of its main rivals.

Pound exchange rate movements in the European session is still strong against the US dollar, after opening lower than the previous trading at 1.2586 in early trading Asian session. Analysts GBPUSD could continue to rise towards 1.2637-1.2706. And if it is failed then it may decline to 1.2548- 1.2510.

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Pound exchange rate movements in the end of Asia session is positive against USD after the price of this pair opened higher at 1.2679 in early trading, the pound exchange rate is now falling down around 5 pips and the pair is rolling at 1.2674.

Pound on early Asian session tried to continue strengthening that exhibited significantly earlier trade but restrained by the strong sentiment Fed rate hike this week. Today the Fed will begin their regular monthly meeting last year and the results will be announced tomorrow. In the European session there is a release of data that may provide power for the GBPUSD.

Technically GBPUSD descend towards the range of 1.2655-1.2596. But if it breaks down 1.2655 then it will fall towards 1.2596. So the analysts suggested that the normal range for GBPUSD pair is estimated to have the support level at 1.2553 and the resistance level at 1.2750.

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Pound exchange rate movements at end of Asia session has a negative movement against US Dollar itself after the price of GBPUSD itself opened lower at around 1.2564 in early trading, the pound exchange rate is now falling down 29 pips and the pair is rolling at 1.2535.

GU continue negative movement and depressed enter the third consecutive day, triggered by the Fed hawkish sentiment on the trading session overnight with the central bank raised interest rates on US second time after nearly a decade has not changed. In the European session there is a monetary policy announcement is expected hawkish BOE so as to make the GBPUSD rebound.

Technically GBPUSD attempted to climb towards the 1.2584-1.2736 range and breakout happened will rise again to the next resistance. But if failed price will be corrected down to the support range between 1.2503-1.2468. So many analysts suggested that GBPUSD today is expected to have the support level at 1.2432 and the resistance level at 1.2652.

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Pound exchange rate movements in end of the Asian session move negatively against US Dollar after the price opened higher at 1.2420 in early trading (0000 GMT), the pound exchange rate is now down 18 pips and the pair is rolling at 1.2402.

Pound early Asian session continue the movement back negative and depressed enter the fourth consecutive day that are still driven by sentiment Fed rate hike solid US data releases overnight. To release the economic data in the European session from the UK there is no strong only minor ie data CBI Industrial Order, so the more dominant sentiment follow US dollars.

GBPUSD is still depressed and it may continue to the support range between 1.2358-1.2346 after going through S1 first, but if it does not penetrate S1 will be reflected back towards the resistance range between 1.2453-1.2499. So analysts argued that GBPUSD is estimated to have the support level at 1.2301 and the resistance level at 1.2545

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Pound exchange rate movements in the end of Asia session decreased against the US dollar after this pair's opening price is actually higher at 1.2398 in early trading , the exchange rate is now rolling at 1.2398 pounds.

Pound could move rebound by momentum weakening US dollar amid strong fundamentals lonely drive the forex market throughout the day. But the retreat back to respond to the data release CBI Tirrenus sales are expected to be lower than the previous period.

Technically, GBPUSD fall down to the support range between 1.2370-1.2297, but if it does not penetrate 1.2370 then will be reflected back towards the resistance range between 1.2428-1.2500. So the analysts suggest that the normal range of GBPUSD is 1.2289 and 1.2504.

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The movement of the exchange rate that had the British pound rebounded against the US dollar until the beginning of the European session, trimmed very strong by selling pressure against his rival in EURGBP. As a result, the movement of GBPUSD pair retreat back towards the weakening of 5-week low amid lack of sentiment of local data.

GBPUSD pair rebounded on Asian session to get energy from the release of UK consumer confidence data according to the GfK survey showed an increase in the data from the previous period although generally still disappointed the market. For information, EURGBP rally European session reached its highest level in two weeks.

Pound exchange rate movements in the European session US dollar, after opening lower at 1.2352. Analysts see that GBPUSD will continue to fall towards support range between 1.2324-1.2307, and if it does not penetrate these ranges, the potential to rise back to the resistance range at 1.2385- 1.2414 is open.

[myregister]

The movement of the exchange rate that had the British pound rebounded against the US dollar until the beginning of the European session, trimmed very strong by selling pressure against his rival in EURGBP. As a result, the movement of GBPUSD pair retreat back towards the weakening of 5-week low amid lack of sentiment of local data.

GBPUSD pair rebounded on Asian session to get energy from the release of UK consumer confidence data according to the GfK survey showed an increase in the data from the previous period although generally still disappointed the market. For information, EURGBP rally European session reached its highest level in two weeks.

Pound exchange rate movements in the European session US dollar, after opening lower at 1.2352. Analysts see that GBPUSD will continue to fall towards support range between 1.2324-1.2307, and if it does not penetrate these ranges, the potential to rise back to the resistance range at 1.2385- 1.2414 is open.

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British pound exchange rate movements against the US dollar along the third week of December 2016 continue to weaken by the pressure on earlier session. And the end of trading last week fell to its lowest level since trading in October.

 

The drop last week received because of the negative sentiment where US dollar gains momentum when the US GDP Q3 reportedly exceeded expectations, so the pair were depressed for 3 consecutive weeks in November and had advanced further fall in bearish positions.

 

GBPUSD plummeted were significant enough since this one fall down 1 percent to 1.2482 opened at 1.2487. For the movement of trading today, many analysts suggested that this pair may have the support level at 1.2137 and 1.1963 while resistance at 1.2583 and then 1.2690.

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The movement of the exchange rate that had the British pound rebounded against the US dollar in the Asian session, trimmed back by the rise of the US dollar against major rivals except the exchange of commodities. The weakening pound received a negative sentiment from BBA mortgage data release aprovals lower than the previous period.

Enter the European session, the British banking associations report the data mortgages issued by banks in the UK in November. Launch data showed a decline from the previous month period as well as strengthening expectations. Previous rate of the British pound has been hit for 6 consecutive days.

Analysts see GBPUSD will continue to fall towards the support range between 1.2223-1.2195, and if it is failed to break those ranges then this pair has potential to rise back towards the resistance range between 1.2299- 1.2322.