GBP/USD Edges Higher as EUR/GBP Loses Ground - Action Forex

Shooting Stars Signal Caution (Chart)

During the trading session on Tuesday, we have seen the British Pound rallies significantly against the US dollar, gaining roughly 0.8% by the time New York came on board. That being said, it’s also worth looking at the longer-term charts of the GBP/USD pair, as we have just formed 3 shooting stars on the weekly chart in a row. As far as technical analysis is concerned, it really doesn’t get a whole lot more bearish than that. That being said, t…

GBP/USD Edges Higher as EUR/GBP Loses Ground - Action Forex

GBP/USD is attempting a fresh increase above the 1.3270 resistance. EUR/GBP declined steadily below the 0.8460 and 0.8440 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.3250. There was a break above a key bearish trend line with resistance at 1.3270 on the hourly […] The post GBP/USD Edges Higher as EUR/GBP Loses Ground appeared first on Action Forex.

Market Analysis: GBP/USD Edges Higher as EUR/GBP Loses Ground

GBP/USD is attempting a fresh increase above the 1.3270 resistance. EUR/GBP declined steadily below the 0.8460 and 0.8440 support levels.Important Takeaways for GBP/USD and EUR/GBP Analysis TodayThe British Pound is attempting a fresh increase above 1.3250.There was a break above a key bearish trend line with resistance at 1.3270 on the hourly chart of GBP/USD at FXOpen.EUR/GBP is trading in a bearish zone below the 0.8460 pivot level.There was …