GBP/USD Technical Analysis

We have a bearish trend with this pair.

Technical Analysis
07. 12. 2017
GBP/USD Technical Analysis

Recently the UK's national currency has been in a state of stress amid political scandals and the Brexit negotiation process. This is why the recent breakdown of the next round of negotiations led to fears about the dismissal of Prime Minister Theresa May and the fall of the pound. The subsequent resumption of negotiations, on the contrary, supported the British currency. This week there have also been several shocks related to the negotiations on the terms of the UK's withdrawal from the EU, which puts pressure on the British currency.

On the chart we see that our price is falling and is under the moving average MA (23). Technical indicators indicate a continuation of the bearish trend. Even the published today housing prices for November from Halifax, which were higher than expected, could not support the pound in this confrontation. We expect a further decline in the pair after a breakthrough at the resistance level of 1.3365. The immediate targets will be the take-off at the levels of 1.3340 and 1.3280.

SuperForex
EUR/JPY Technical Analysis & Daily Chart

Technical Analysis

EUR/JPY Technical Analysis & Daily Chart

Both currencies are doing well, but we have some buy opportunities today.

SuperForex
07. 12. 2017
USD/MXN Technical Analysis & Daily Chart

Technical Analysis

USD/MXN Technical Analysis & Daily Chart

The MXN has been gradually sthrenghtening but next week the situation can change again in favor of the USD.

SuperForex
06. 12. 2017
USD/JPY Technical Overview & Daily Chart

Technical Analysis

USD/JPY Technical Overview & Daily Chart

There are profit opportunities in the pair's predicted bearish movement.

SuperForex
05. 12. 2017