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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 or Second Life? ‘Freedom Day’ has come and gone for this week, but markets don’t appear to be ...

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 surprise given recent price developments. Weakness by the Sterling has been met by an environment defined...

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. While currencies linked to energy may be the exception to the rule, those with strong economic conn...

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 shape across multiple GBP crosses. Here are the key levels to watch for GBP/USD, GBP/JPY and EUR/GBP i...