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GBPUSD broke resistance area  Likely to rise to resistance level 1.3500 GBPUSD recently broke the resistance area located at the intersection of the key resistance level 1.3255 (former monthly high from August) and the resistance trendline of the daily up channel from April. The breakout of this resistance area accelerated the active impulse waves iii […]

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25/04/2024

Elliott Wave Intraday Analysis on GBPUSD Shows 5 Waves Bullish Impulse

Elliott Wave view on GBPUSD suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828. Correction in wave (2) unfolded as an expanded flat Elliott Wave structure. Down from wave (1), wave A ended at 1.2519 and wave B ended at 1.2894. Down […]
15/05/2024

Preview of RBNZ: Persistent Inflation to Keep the Champagne Stoppered

We expect the RBNZ will leave the OCR at 5.5% at its May Monetary Policy Statement. The RBNZ will likely remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. We don’t see a significant change in the RBNZ’s projections for the OCR – easing still looks like a 2025 affair. Weaker […]
16/05/2024

GBP/USD: Bulls Taking a Breather After Five-Day Rally

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