GBPUSD Forex Analysis - Trend Continuation Above 1.2679 Weekly Support

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPUSD weekly, daily, and 4-hour charts.

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPUSD weekly, daily, and 4-hour charts.

Price has broken above the 1.2679 weekly resistance area.

1.2699-73 the 4 hour/weekly support area and 79% fib retracement level.

Watching for price to decline and hold at this intraday support area for a further advance targeting the 1.2854 weekly resistance level.

GBPUSD weekly chart on ACY MT4

GBPUSD daily chart on ACY MT4

GBPUSD 4-hour chart on ACY MT4

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

ACY Securities
Type: STP, ECN, Prime of Prime, Pro
Regulation: ASIC (Australia), FSCA (South Africa), FSA (SVG)
read more
Yen Hits 6-Month High, Volatility Returns After North American Holiday.

Yen Hits 6-Month High, Volatility Returns After North American Holiday.

US markets were closed yesterday for a bank holiday, limiting overall market activity. The US dollar weakened as the Japanese yen surged, while crude oil extended gains amid escalating tensions in the Middle East. Iran warned it could target energy infrastructure across the region if the US launches further attacks on Iranian assets.
ATFX | 2h 54min ago
US Payrolls Hit 5-Month High as Markets Await CPI This Week.

US Payrolls Hit 5-Month High as Markets Await CPI This Week.

U.S. and Canadian markets are closed for the holidays. With investors digesting nonfarm data and Middle East tensions high, traders should watch for unusual price swings amid low liquidity. Eurozone Q2 GDP is expected to be 0.4%, which could affect Thursday’s ECB meeting.
ATFX | 1 day ago
Fed Remarks Dampen Rate Hike Hopes Ahead of NFP Release

Fed Remarks Dampen Rate Hike Hopes Ahead of NFP Release

The U.S. August Nonfarm Payrolls report will be released tonight, the last major employment report before the Fed’s September meeting. Markets expect payrolls to rise by 58,000 (previous: -23,000), unemployment to remain at 4.1%, and average hourly earnings to increase 0.3% m/m (previous: 0.1%). The data could significantly impact rate expectations and market volatility.
ATFX | 4 days ago
Global Bond Selloff, Eyes on Central Banks & US ADP

Global Bond Selloff, Eyes on Central Banks & US ADP

The Reserve Bank of New Zealand and the Bank of Canada announce rate decisions in succession. This morning, the RBNZ raised rates by 25 basis points as expected; the BoC continues to balance slowing domestic growth against inflation pressures, with rates expected to remain unchanged. US ADP employment data (forecast 48K, previous 44K) will serve as a preview for Friday’s official Nonfarm Payrolls.
ATFX | 6 days ago