British Pound: Bullish flag points to range highs against US Dollar – Scotiabank
GBP/JPY: Moved lower and banked +96 pips +2%
GBPUSD met the target at the 1.3350-1.3400 zone. The market could hold this trading zone between support zone 1.3140-60 and resistance 1.3350-1.3400.
US dollar price forecast: DXY tests 101.76 as December hike odds hit 94%, EUR/USD faces 1.1270 on French debt risk, and GBP/USD tests 1.3353 after UK jobs data.
GBP/USD Price Forecast: Reflects strength above 20-day EMA ahead of UK job data
The Pound-Dollar rate could come under pressure if UK jobs data weakens BoE hike expectations, while firmer US employment figures may support the Dollar. The Pound US Dollar (GBP/USD) exchange rate was trapped in a narrow range at the start of this week as markets braced for a run of high-impact UK economic releases.
Pound Sterling Price News and Forecast: GBP/USD clings to 1.3300 as UK inflation test threatens recovery
In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Swiss Franc (USD/CHF), Gold (XAU/USD), Crude Oil (WTI), Bitcoin (BTC/USD), S&P 500 (SPX500), Nasdaq (NDX), and Dow Jones (DJI). These are the levels that matter on the technical charts into the weekly open.
GBPUSD met the target at the 1.3350-1.3400 zone. The market could hold this trading zone between support zone 1.3140-60 and resistance 1.3350-1.3400.
Technical outlook: EUR/USD, GBP/USD, Oil [Video]
US dollar price forecast: October hike odds drop to about 15% as DXY tests 102.18, EUR/USD slips on French fiscal risk, and GBP/USD faces 1.3353 resistance.
British Pound: Weekly outside reversal eyes 1.3650 against US Dollar – Scotiabank