GBP/USD: The levels to be monitored are 1,2600 and 1,2655 – UOB Group
There seems to be enough impulse for the pound sterling (GBP) against the US dollar (USD) to rise more, but any progress is probably part of a higher range of 1,2480/1,2600. In the long term, a strong increase in impulse will probably lead to a greater strength of the GBP; The levels to be monitored are 1,2600 and 1,2655, the FX analysts of UOB Group, to be Leang and Peter Chia point.
24 -hour vision: “After the price movements on Wednesday, we indicated yesterday (Thursday) that ‘there has not been an increase in impulse or bassist or bullish.’ We expected the GBP ‘to quote in a range between 1,2390 and 1,2490.’ Read more…
GBP/USD Forecast: The sterling pound shows no deceleration signs
The GBP/USD maintains its bullish impulse and trades at its highest level since the end of December about 1,2600. Although the short -term technical perspectives of the PAR point to overcompra conditions, investors could refrain from betting on deep correction unless there is a significant negative change in the appetite for risk.
The US dollar was under strong selling pressure in the American session on Thursday and opened the door for a higher section in the GBP/USD, since the risk flows dominated the action in the financial markets. The president of the United States, Donald Trump, refrained from announcing new reciprocal tariff that triggered a risk rally. 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.
