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GBP/USD

GBP/USD - The British Pound against the US Dollar is one of the oldest currency pairings in the world. The pair is often called 'The Cable', as the first transatlantic communication cable run across the floor of the Atlantic, connecting Great Britain with The United States, was used to transmit currency prices between the two economies. 'The Cable' remains a favorite of traders today, accumulating massive interest considering the size of The UK economy.

GBP/USD Rate

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Weekly British Pound and US Dollar Trading Forecast

Symbol Forecast Outlook

Candlestick

Symbol Trend Bias Time Frame Candlestick Formation Candle Bias Chart Links

Elliot Wave

Symbol Bias Time Frame Invalidation Objective Chart Links

Sentiment

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

GBP/USD Support & Resistance

W - Weak | M - Moderate | S - Strong
Symbol Trend Volatility Analysis / Chart
GBP/USD
S1: 1.6969M
S2: 1.6901S
S3: 1.6832M
R3: 1.7319M
R2: 1.7176S
R1: 1.7053M
98%
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Chart Chart
Mon, 28 Jul 2014 04:17:00 GMT

GBP/USD Pivot Points

British Pound US Dollar News

GBP/USD Technical Analysis: Interim Support Met Below 1.70
USDOLLAR Pivots to Key Level as EUR/USD, GBP/USD Slides Continue
The US Dollar is starting to pick up ground alongside better high importance US economic data. Today's Durable Goods (JUN) report could be a spark for the next leg higher.
GBP/USD Keeps Its Head Below 1.7000 Despite Consensus UK GDP Figures
UK 2Q GDP came in line with market expectations which saw GBP/USD recover its earlier losses.
GBP/USD to Face Larger Correction on Lackluster 2Q U.K. GDP
The GBP/USD may continue to pare the advance from back in June should the advance 2Q U.K. Gross Domestic Product (GDP) report dampen the outlook for growth and inflation.
GBP/USD to Carve Higher-Low on Dovish FOMC
The GBP/USD looks poised to resume the bullish trend carried over from the previous year as the Bank of England (BoE) shows a greater willingness to normalize monetary policy sooner rather than later.

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Jul 30
USD Federal Reserve FOMC Meeting
12:30
USD Gross Domestic Product (Annualized) (2Q A) 3.0% -2.9%
12:30
USD Personal Consumption (2Q A) 1.9% 1.0%
12:30
USD Gross Domestic Product Price Index (2Q A) 1.8% 1.3%
18:00
USD Fed Pace of Treasury Pur (JUL) $15B $20B
18:00
USD Fed Pace of MBS Purchases (JUL) $10B $15B
18:00
USD Federal Open Market Committee Rate Decision (JUL 30) 0.25% 0.25%
Fri
Aug 1
12:30
USD Change in Non-farm Payrolls (JUL) 231K 288K
12:30
USD Unemployment Rate (JUL) 6.1% 6.1%
12:30
USD Personal Consumption Expenditure Core (YoY) (JUN) 1.4% 1.5%
14:00
USD ISM Manufacturing (JUL) 56.0 55.3