GBP/USD

The GBP/USD exchange rate has lost its upward momentum but nevertheless holds above a key 1.30 support level, leading analyst and technical forecaster Richard Perry of Hantec Markets to view current price action as being corrective.

The GBP/USD exchange rate holds above 1.30 at the start of the new week and month, following a 2.30% advance on in the week prior. Analyst and technical forecaster Richard Perry of Hantec Markets says a downside corrective move could now be developing on GBP/USD.

The GBP/USD exchange rate has made another push higher in the mid-week session to quote at 1.2968, a new four-month high. Analyst and technical forecaster Richard Perry of Hantec Markets tells clients he continues to favour Sterling but the FOMC event later today could complicate matters.

The GBP/USD exchange rate is trading marginally lower as Sterling looks to hold onto its strong run that saw it record a fresh multi-week best over the course of the past 24 hours. Analyst and technical forecaster Richard Perry of Hantec Markets gives us the levels to bear in mind regarding the outlook.

The Pound-Dollar exchange rate continues to recover and is quoted at 1.2831 at the start of the new week. Analyst and technical forecaster Richard Perry of Hantec Markets says the clearing of a key resistance level opens the door to levels in the early 1.30s.

The GBP/USD exchange rate surprised by going sharply higher at the start of the week with little domestic news to explain the move. Analyst and technical forecaster Richard Perry of Hantec Markets says the pair has now broken through an important line of technical resistance.

The GBP/USD exchange rate is seen at 1.2572 at the time of writing on Monday, placing it well within a range that has been occupied since late March. Analyst and technical forecaster Richard Perry of Hantec Markets says he now adopts a neutral stance on both short- and medium-term horizons.

The GBP/USD exchange rate is holding above a key support line, leading analyst and technical forecaster Richard Perry of Hantec Markets to maintain a positive bias on the pair.

The GBP/USD exchange rate trades softer at 1.2548 at the time of writing as it pares back further the gains it realised over the course of the past two weeks. Analyst and technical forecaster Richard Perry of Hantec Markets says Sterling bulls continue to be frustrated by a descending trend line.

The GBP/USD exchange rate is trading 0.35% higher at 1.2612 in the midweek trading session but analyst and technical forecaster Richard Perry of Hantec Markets says there is only a mild positive bias within the medium term range now.

The EUR/USD exchange rate has rallied to its highest levels since early March and is quoted at 1.1415 at the time of writing on Wednesday. Analyst and technical forecaster Richard Perry of Hantec Markets says a close above $1.1420 today opens the door to $1.1490.

The GBP/USD exchange rate is quoted a quarter of a percent in the red at 1.2522 on Tuesday which adds to the half percent fall recorded the day prior. Analyst and technical forecaster Richard Perry of Hantec Markets says the bulls need to return quickly today to prevent a recently formed base pattern from losing its bullish influence.

The GBP/USD exchange rate has now risen for two consecutive weeks and is quoted at 1.2618 on Monday, but the recovery is approaching a significant resistance area that could halt the advances according to Richard Perry, a technical analyst and forecaster at Hantec Markets.

The GBP/USD exchange rate saw a multi-day rally come to a screeching halt on Thursday with the pair trading back at 1.2589 ahead of the weekend. Analyst and technical forecaster Richard Perry of Hantec Markets says defining the medium term trading range will be key in understanding where the pair might be headed next.

The GBP/USD exchange rate is looking to record its fifth successive day of gains and is quoted at 1.2655 at the time of writing. Technical forecaster and analyst Richard Perry of Hantec Markets says any weakness should be seen as an opportunity to buy.

The GBP/USD exchange rate is quoted at 1.2545 in mid-week trade following a 0.50% advance over the course of the past 24 hours which leaves a more positive bias on the charts according to technical analyst and forecaster Richard Perry of Hantec Markets.

The GBP/USD exchange rate is quoted at 1.2489 at the time of writing on Tuesday with the pair seemingly lacking conviction. Analyst and technical forecaster Richard Perry of Hantec Market says only a break above $1.2540 would be considered a near term game changer.

The GBP/USD exchange rate is pushing higher at the start of the new week with the pair quoted at 1.2491 at the time of writing. Analyst and technical forecaster Richard Perry of Hantec Markets says a break of the $1.2530/$1.2540 region holds the key to further advances.

The GBP/USD exchange rate is quoted back at 1.2460 having seen a recent short-term recovery attempt stall. Analyst and technical forecaster Richard Perry of Hantec Markets tells us what to look out for next.

The GBP/USD exchange rate is trading a third of a percent higher on the day at 1.2500 as a short-term rebound extends. Analyst and technical forecaster Richard Perry of Hantec Markets asks if the recovery has the ability to extend.