GBP/USD Perspective: New recovery acceleration opens the way to test key barriers in 1,3443/44
The cable jumped around one hundred pips on Monday morning, driven by a weakest dollar after the surprising reduction of the US credit rating and the last agreement between the EU and the United Kingdom on defense.
The new progress attempts seek to break above the three -day congestion that would indicate the continuation of the recovery since 1,3139 (minimum correction of May 12) that has already retreated 76.4% of the setback of 1,3444/1,3139. Read more…
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GBP/USD forecast: the sterling pound approaches a key resistance
The GBP/USD acquires bullish impulse in the European session and quotes at its highest level in almost two weeks above 1,3350. The technical perspectives suggest that the torque has more upward space before becoming technically overcaps.
The generalized weakness of the US dollar (USD) promotes the recovery of the GBP/USD at the beginning of the week, since the markets react to the reduction of the United States credit rating by Moody’s at the end of Friday.Read more…
GBP/USD weekly perspective: The sterling pound seeks to resume the upward trend in the United Kingdom inflation week
The sterling pound (GBP) recovered its position against the US dollar (USD) after the PAR GBP/USD exhibit strong price movements in both directions within a range of 150 pips during the week.
After a painful beginning of the week, the GBP/USD managed to find its path as the US dollar lost its impulse of recovery in the final part, with the optimism around the commercial truce between the US and China vaining.Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
