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British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook Advertisement British Pound Outlook: The British Pound has been hampered by the latest surge in COVID-19 delta variant infections, which have traders on edge that more lockdowns are possible. Both GBP/JPY and GBP/USD have rebounded from critical technical support, suggesting that further losses may be contained. Recent changes in retail trader positioning suggest a mostly mixed bias for the British Pound. Dead Cat Bounce ...

British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates Advertisement The Sterling-commodity currency crosses remain rangebound, as they have for many months now. GBP/AUD rates remain the most interesting of the three GBP-crosses reviewed in this report, continuing to linger below multi-decade trendline resistance. According to the IG Client Sentiment Index, the British Pound has a mixed bias. Range Trading Persists More rangebound price action in the British Pound may not be a surpr...

British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates Outlook Advertisement GBP/AUD rates, on the other hand, have recently been rejected from a multi-decade trendline. Longer-term Influences Take Shape in GBP-crosses With May in the rearview mirror, it’s a good time to take stock of the British Pound’s performance against some of the more volatile major currencies, which were plagued by – you guessed it – volatile if not weaker commodity prices over the course of the month....

British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP 2021-04-22 02:00:00 Daniel Moss, Analyst British Pound, GBP/USD, GBP/JPY, EUR/GBP, IGCS – Talking Points: Descending Channel break hints at further gains for GBP/USD. Ascending Channel continuing to guide GBP/JPY higher. EUR/GBP poised to extend losses after diving back below key support. The British Pound is positioned to gain ground against its major counterparts in the near term, as a series of bullish technical patterns take sh...