GBP USD is in a range between 1.9750 and 1.9930. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The price should continue to move in 1.9750 / 1.9950 range. If the resistance is broken then the target will be 2.0300.
GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H is in a bullish configuration. The price should continue to move in 195.00 / 202.00 range.
The Dollar
The dollar is expected to continue edging higher against the majors in the week ahead, with initial targets of 1.52 versus the euro and 1.96 against the British pound. The correction in commodities is also seen extending, thereby pressuring the commodity currencies such as the Aussie and Canadian dollar lower.
GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H is worth watching - in theory it should go lower 1.9330. - get ready for the new lows. The price should find a resistance below 1,9820. The consolidation should continue. The risk/reward ratio is too high to take a position..
Resistances
1,9880 - 1,9960
Supports
1,9820 - 1,9720
GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily is in a bearish configuration. The price should continue to move in Bollinger bands. The risk/reward ratio is too high to take a position..
Resistances
198,00 - 200,90
Supports
196,60 - 195,30
GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H is in a bearish configuration. The price should find a resistance below 1,9750. The consolidation should continue. The risk/reward ratio is too high to take a position..
Resistances
1,9880 - 1,9960
Supports
1,9820 - 1,9750
