GBPUSD Forex Analysis - Uptrend Targeting 1.3000 Weekly Resistance

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPUSD weekly, daily, and 4-hour charts.

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPUSD weekly, daily, and 4-hour charts.

Price is holding above the 1.2679 weekly support level.

1.2679-75 the weekly support level and the 79% fib retracement level.

Watching for price to decline and hold at this intraday support level for a further advance targeting the 1.3000 weekly resistance level.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

read more
Daily Global Market Update

Daily Global Market Update

The GBP/USD rose slightly, while BTC/USD fell sharply. Oil and AUD/USD experienced marginal increases. Crypto lobbying has surged, while luxury goods shares declined due to slowing Chinese demand. OPEC+ delayed oil production hikes. Key economic events include Japan's Coincidence Index, Leading Economic Index, UK's CFTC GBP Non-Commercial Net Positions, Eurozone's GDP, and US Non-Farm Payrolls/Ave
Moneta Markets | 1日前
All Eyes on Today’s U.S. NFP

All Eyes on Today’s U.S. NFP

Ahead of today's highly anticipated Nonfarm Payroll (NFP) report, the U.S. dollar remains under pressure, with major market players like Citigroup and JP Morgan betting on a larger rate cut from the Federal Reserve this month.
PU Prime | 1日前
Dollar Eases Ahead of Key U.S. Job data

Dollar Eases Ahead of Key U.S. Job data

The U.S. dollar lost strength after reaching a two-week high. The release of the Fed's Beige Book indicated a decline in economic activity, a softening labour market, and moderating wage growth, which fueled speculation of a potential Fed rate cut. This dampened the dollar's momentum, as traders now await Friday's NFP report, which could be pivotal for the Fed's interest rate decision
PU Prime | 2日前
Wall Street Plummet on Poor PMI Reading

Wall Street Plummet on Poor PMI Reading

Wall Street experienced a significant single-day sell-off yesterday, with the Nasdaq leading the decline, dropping more than 3%. Nvidia, a key player in the AI sector, saw a massive $279 billion loss in market value as its share price plunged by 9.5%
PU Prime | 3日前
Daily Global Market Update

Daily Global Market Update

Gold, Euro, and Bitcoin showed positive trends, while the Pound's outlook was mixed. Global markets braced for economic data, including the US jobs report. Chinese manufacturing activity weakened, while Eurozone factories struggled. Cryptocurrency ETFs gained popularity. Tesla's China sales increased.
Moneta Markets | 4日前