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GBP/USD Outlook: The acceleration of the new recovery opens a way to re -test the main barriers at 1.3443/44
The cable jumped about a hundred clicks on Monday morning, It raised the dollar twice the rating of the sudden American credit and the latest European Union/UK agreement on defense.
New prior attempts to break the three -day congestion would indicate the continued recovery of 1.3139 (decrease in the May 12 correction) which has already regained 76.4 % of withdrawal 1.3444/1.3139 withdrawal. Read more …
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GBP/USD expectations: The pound closed in the main resistance
GBP/USD collects a bullish momentum in the European session and trades at its highest levels in nearly two weeks above 1.3350. Technical expectations indicate that the husband has more space on the upper side before he turns technically.
The US dollar’s weakness feeds on the GBP/USD rally at the beginning of the week, as markets interact with MOODY classification to classify the United States late on Friday. Read more …
Weekly expectations GBP/USD: The British pound aims to resume the upward trend in the UK’s inflation week
The pound sterling (GBP) has regained its foot against the US dollar (USD) yet GBP/USD pair showed strong price movements in two directions within the 150-PIP range during the week.
After a painful start for the week, the GBP/USD managed to find its feet as the US dollar lost its momentum in recovery in the last part, with optimism surrounding the commercial truce between the United States of China. Read more …
