Get the GBP/USD Forex signal for May 1, 2018 here.
Yesterday’s signals were not triggered, as the price never reached 1.2187.
The market started the week on the back foot, suffering a loss of $7.53 an ounce, as the dollar’s strength continued to put downward pressure on the price of the precious metal.
Market Overview With the majority of countries around the world celebrating Labour Day (over 100 countries so I believe, including most European major markets) we could be set for a fairly subdued trading session.
The EUR/USD pair was sideways most of the month of April, but then broke down significantly to crash into the 1.21 handle.
The Australian dollar has broken down during the last couple of weeks of April, slicing through major uptrend line that goes back to late 2015.
The British pound has been rallying over the last couple of months, but over the last couple of weeks has started to see a bit of selling pressure.
The EUR/GBP pair has fallen initially during the month of April, but then turned around to show signs of support at the 0.86 level, bouncing over the last couple of weeks.
EUR/USD The EUR/USD pair tried to rally at the open on Monday, but then broke below the 1.21 handle.
BTC/USD Bitcoin markets did very little during the session on Monday, as we continue to grind sideways just below the $10,000 level.