GBP/USD Up 112 Pips On 4 Hour Chart, 8 Day Down Streak Snapped; in a Downtrend Over Past 30 Days
For additional context, note that price has gone down 8 out of the past 10 days.
GBPUSD
(Last Updated April 7, 2020)
Welcome to the news page for GBPUSD. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of GBPUSD:
20 Day Moving Average Direction: bearish
50 Day Moving Average Direction: bearish
100 Day Moving Average Direction: bearish
200 Day Moving Average Direction: bullish
How the Current GBPUSD Rate Fares Relative to the Past Year?
The exchange rate for GBPUSD closed yesterday at 1.2234. On a relative basis, that puts the pair closer to its 52 week low (currently at 1.14092) than its 52 week high (now at 1.35157).To dig deeper and get the latest news on GBPUSD, try the links below. You can also visit the MarketWatch or Investing.com pages on GBPUSD for more news as well.
GBP/USD Up 22 Pips Over Past 4 Hours, Moves Up For the 3rd Day In A Row; in a Downtrend Over Past 30 Days
Out of the 40 instruments in the forex asset class, gbp/usd ended up ranking 14th for the day in terms of price change.
GBP/USD Makes Big Move Relative to Past Three Months, Down 435 Pips; in a Downtrend Over Past 14 Days
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down.
GBP/USD Moves Down For the 6th Day In A Row; in a Downtrend Over Past 14 Days
This imputes a buy/sell ratio of 2.4, which is bullish.
GBP/USD Moves Down For the 5th Day In A Row, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, gbp/usd ranked 22nd yesterday in terms of percentage price change.
GBP/USD Makes Big Move Relative to Past Three Months, Down 248 Pips; Price Base in Formation Over Past 14 Days
The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 48.28% from the day prior, and up 47.24% from the same day the week before.
GBP/USD Makes Big Move Relative to Past Three Months, Down 248 Pips; Price Base in Formation Over Past 14 Days
As for the rationale, technical traders seem to be citing the appearance of a flag technical pattern.
GBP/USD Fares the Worst Out of Forex, Makes Big Move Relative to Past Month; 5 Day Up Streak Snapped
It should be noted, though, the 20, 50 and 100 day simple moving averages turned downwards, which may be a bearish sign.
GBP/USD Up 78 Pips; in a Downtrend Over Past 90 Days
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.