GBPUSD Price Analysis Expected Scenario The GBPUSD price settles below 1.2700$ level, to keep the bearish trend scenario active for the upcoming period, as the EMA50 meets the mentioned resistance to add more strength to it and support the expectations to decline today, waiting to visit 1.2580$ as a next main target. On the other hand, we should note that...

Odds of BOE rate cut in September recede Markets await UK growth data Sterling rose in European trade on Tuesday against a basket of major rivals, holding its ground above three-week lows against the US dollar following important UK labor data. The data confirms the resilience of the UK economy, and bolsters expectations the Bank of England will maintain interest...

GBPUSD Price Analysis Expected Scenario The GBPUSD price traded with clear negativity yesterday to approach 1.2600$ barrier, reinforcing the expectations of continuing the decline on the intraday basis, which targets 1.2580$ as a next station, noting that breaking this level will extend the bearish wave to reach 1.2480$. The EMA50 keeps pressing negatively on the price to reinforce the chances...

GBPUSD Price Analysis Expected Scenario The GBPUSD price shows additional positive trades to attempt to breach 1.2700$ level, which urges caution from the upcoming trading, as continuing the rise and confirming the breach will push the price to turn to rise for the rest of the day and start bullish wave on the intraday basis. Consolidating below 1.2700$ keeps the...