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Hello Traders,
GBP/CHF has decline from high 2.0757 today. Pair has tremendous up leg in last days from low @ 2.0334 to 2.0783, 449 pips difference.
Retail sales (m/m) disappointed with -3.9% instead of forecasted -2.5%.
We see a little correction before new uptrend?!
Have a good trading
Hi Traders,
As my last post about technical analyzes for EUR/GBP and today’s Bank of England – MPC meeting decision to hold interest rates 7-2, EUR/GBP declines from high 0.7922 to 0.7866.
What else to say?!
Could we see a further down movement?!!!
Good luck in trading
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Hello Traders,
After yesterdays high from 2.0482, GBP/CHF has decline to 2.0321 today. M4 Money Supply (m/m) and Public Sector Net Borrowing show better than forecasted performance.
Probably the pair will stay in range 2.0150-2.0500!?
Have a good trading
Hi Traders,
EUR/GBP has declined to 0.7908 yesterday. It is 113 pips difference from high from couple days ago. Today, pair starts a little up move to high @ 0.7934. Daily chart shows more space for down leg. As my last post, technical analyzes did its self.
Could we see a little pullback before next big down movement regarding technical analyzes?!!!
Good luck in trading
Hello Traders,
GBP/CHF has been trading in range from 2.0123 to 2.0309 in last days. CHF retail sales beat the estimates 7.4% compare with forecasted 3.8%. Later this day is announcement for Average Earnings Index (y/y) and Unemployment rate in GBP area.
They will be given direction in pair?!
Have a good trading
Hi Traders,
After reached the high @ 0.8021 yesterday, EUR/GBP has started with decline from @ 0.7984 to 0.7934 due to good resultants in CPI (y/y), Core CPI (y/y) and RPI (y/y) today.
This decline is underline with technical analyzes. 4 hours chart shows good performance for down leg.
Good luck in trading
Hello Traders,
GBP/CHF has been trading in from 2.0193 and then takes up trend to reach high 2.0347 today. PPI input and output (m/m) missed forecast. Wait on RICS House Price Balance and BRC Retail Sales Monitor (y/y) announcement!!!
Have a good trading
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Hi Traders,
EUR/GBP has continued with up trend from @ 0.7933 to 0.7988 yesterday, after holds the interest rate at same level of 5.00%. Today seasons starts with low volatility. German WPI (m/m) miss the forecast, shows 0.9% instead of 1.0%.
Stay at sidelines for time being!!!
Good luck in trading
Hello Traders,
As per my last post GBP/CHF has been trading in up trend direction from 2.0274 to 2.0437 yesterday.
Today is the Bank of England announcement about interest rate. Some analyzes think that the interest rate will be steady and will stay @ 5.00%.
Wait the clear direction in pair?
Have a good trading
Hi Traders,
EUR/GBP has up trend from @ 0.7949 to 0.7975, even worst news than expected in French and German trade balance today.
Wait on GBP trade balance and BRC Shop Price Index (y/y) announcement for direction in pair…?!
Good luck in trading
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