Day: June 13, 2023

GDP Outlook Improving GBPUSD is trading back up towards the YTD highs today, extending gains seen across the back of last week, as sentiment towards the UK currency turns more favourable. The latest set of figures from the CBI showed an upward revision to UK GDP forecasts for this year and next. These now sit […]

Daily Market Outlook, June 12, 2023 Munnelly’s Market Commentary…  Asian equity markets traded with a mixed tone as the region approached a week filled with significant risk events, including major central bank meetings and data releases. The Nikkei 225 initially displayed strong performance, advancing and testing the 32,500 handle as market participants anticipated that the […]

TitleGBPUSD Day | React off resistance TypeBearish Reversal Preference: Price is currently at our pivot point of 1.25776 which is a pullback resistance level. A reverse from here. price could fall to 1st support at 1.25266 which is a pullback support level. Alternative scenario: However, if price breaks above the pivot, it could rally to […]