GBPUSD

(Last Updated July 2, 2020)

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

The Trend

As for trends on GBPUSD, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.

GBPUSD Moving Averages

Nuances in the trend on GBPUSD can be understood by observing the behavior of its moving averages. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 50 are bearish, suggesting the trend is generally downward, aside from a spike about 2 months prior.

The chart below illustrates.

Regarding GBPUSD’s correlations over the past 7 days, it has been most correlated with EURGBP. Over the past 14 days, however, the asset showing the strongest correlation to GBPUSD is GBPCHF. On the flip side, the asset least correlated with GBPUSD over the past week has been USDJPY, but over the past two weeks, CHFJPY has been the asset least correlated with GBPUSD. The chart below illustrates GBPUSD against its least correlated assets.

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