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GBPUSD

(Last Updated March 4, 2021)

Welcome to the news page for GBPUSD (GBPUSD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for GBPUSD

metric_name reference_period asset_name asset_id date time forecast outcome
United Kingdom Construction PMI Feb 2021 British Pound GBP 2021-03-04 09:30 GMT 51 53.3
United States Continuing Jobless Claims 20/Feb 2021 US Dollar USD 2021-03-04 13:30 GMT 4300K
United States Jobless Claims 4-week Average Feb/27 2021 US Dollar USD 2021-03-04 13:30 GMT
United States Initial Jobless Claims 27/Feb 2021 US Dollar USD 2021-03-04 13:30 GMT 750K
United States Unit Labour Costs QoQ Final Q4 2020 US Dollar USD 2021-03-04 13:30 GMT 6.6%

The Trend

If we observe the 90 and 30 day timeframes, we see an uptrend in place for GBPUSD.

GBPUSD Moving Averages

GBPUSD’s moving averages suggest the trend on a number of time horizons is bullish.

Below is a chart showing GBPUSD’s price with its moving averages.

Regarding GBPUSD’s correlations over the past 7 days, it has been most correlated with NZDUSD. Over the past 14 days, however, AUDUSD is the asset most correlated to GBPUSD. On the flip side, EURCHF has been the asset least correlated with GBPUSD — but if we observe the prior two weeks, EURNOK has been the asset least correlated with GBPUSD. The chart below illustrates GBPUSD against its least correlated assets.

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The View From the Weekly Timeframe

At the moment, GBPUSD’s rate is up 8 pips (0.06%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as GBPUSD has now gone up 4 of the past 5 weeks. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. GBPUSD’s weekly price action over the past 52 weeks can be seen via the chart below.

GBPUSD: The Monthly View

Monthly trend: strongest on the 24 month timeframe.

GBP/USD Up 2 Pips in Last Hour, Moves Down For the 2nd Straight Day; Crosses 20 Day Moving Average

Categories Forex News Tags GBPUSD
March 5, 2021

Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.

GBPUSD Up 8 Pips in Last Hour, Moves Down For the 2nd Straight Day; Crosses 20 Day Moving Average

Categories Forex News Tags GBPUSD
March 5, 2021March 4, 2021

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.

GBPUSD Down 1 Pips in Last Hour, in an Uptrend Over Past 30 Days; Nears 20 Day Moving Average

Categories Forex News Tags GBPUSD
March 5, 2021March 3, 2021

Price action traders may also wish to note that we see a pin bar candlestick pattern on gbpusd.

GBPUSD Up 5 Pips On Hourly Chart, in an Uptrend Over Past 90 Days; Eyes 20 Day Average

Categories Forex News Tags GBPUSD
March 4, 2021March 2, 2021

This is a reversal of the price action on the previous hour, in which price moved down.

GBPUSD Down 7 Pips in Last Hour, in an Uptrend Over Past 90 Days; is Inching Close to 20 Day Average

Categories Forex News Tags GBPUSD
March 2, 2021March 1, 2021

For additional context, note that price has gone up 9 out of the past 14 days.

GBPUSD Up 6 Pips On Hourly Chart, 2 Day Down Streak Snapped; in an Uptrend Over Past 30 Days

Categories Forex News Tags GBPUSD
March 1, 2021February 26, 2021

This is a reversal of the price action on the previous hour, in which price moved down.

GBPUSD Down 17 Pips Over Past Hour, 5 Day Up Streak Ended; Bearish Engulfing Pattern Present

Categories Forex News Tags GBPUSD
February 26, 2021February 25, 2021

Relative to other instruments in the forex asset class, gbpusd ranked 32nd the previous day in terms of percentage price change.

GBPUSD Down 2 Pips On Hourly Chart, Came Into Today Up For the 5th Straight Day; in an Uptrend Over Past 90 Days

Categories Forex News Tags GBPUSD
February 26, 2021February 24, 2021

Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.

GBPUSD Up 1 Pips On Hourly Chart, Moves Up For the 4th Consecutive Day; in an Uptrend Over Past 90 Days

Categories Forex News Tags GBPUSD
February 25, 2021February 23, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.

GBPUSD Down 1 Pips On Hourly Chart, Moves Up For the 3rd Consecutive Day; in an Uptrend Over Past 90 Days

Categories Forex News Tags GBPUSD
February 24, 2021February 22, 2021

Compared to its peers in the forex, gbpusd gave its buyers a return that ranked 7th in terms of percentage change since yesterday.

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