Latest Posts

Featured Image

USD/JPY plummets to 2-week lows ahead of US data

Team FX Trading Revolution | Nov 16, 2018

Featured Image

GBP/USD bulls breaking out of bearish circle

Team FX Trading Revolution | Nov 16, 2018

Featured Image

Canada: Sept Manufacturing sales +0.2% versus 0.1% estimated

Team FX Trading Revolution | Nov 16, 2018

Featured Image

US: Industrial production for Oct +0.1% vs +0.2% estimated

Team FX Trading Revolution | Nov 16, 2018

Featured Image

EUR/USD rejected at 200 hour MA, forms bearish flag on H1

Team FX Trading Revolution | Nov 16, 2018

Featured Image

WTI upbeat ahead of key data

Team FX Trading Revolution | Nov 16, 2018

Featured Image

US Dollar remains supported at 96.80

Team FX Trading Revolution | Nov 16, 2018

Featured Image

UK Trade Sec Fox: No-deal is also a possibility

Team FX Trading Revolution | Nov 16, 2018

Featured Image

EUR/GBP consolidating gains around 2-1/2 week top

Team FX Trading Revolution | Nov 16, 2018

Featured Image

Daily HFT Trade Setup - USDJPY bounces at HFT buy zone!

Team FX Trading Revolution | Nov 16, 2018

EUR/GBP Spikes Above 0.89 on Brexit Headlines

09/19/2018
at 12:58 PM

EUR/GBP gained almost 60 pips in no time as the GBP came under pressure after latest Brexit headlines. However, 100 and 200 hour MAs came on way and pair could not sustain above 200 hour MA and then eventually dropped below 100 hour MA. Still, the pair is keeping some of the gains. 

Earlier today, GBP was gaining against the rivals due to upbeat UK CPI. 

Now the investors and traders are eying at Mario Draghi's comments as his speech is due today. 

Technical Levels to Consider

Support: 0.8875 (100-DMA), 0.8825 (Jul. 13 low) and 0.8750 (Jun. 22 high).

Resistances: 0.8945 (50-DMA), 0.9000 (psychological level) and 0.9050 (Sep. 5 high).