GBP/USD Technical Analysis: The Pound against the US dollar attempts to start its recovery at 1.32505
|The Pound against the US dollar had the same fate as the Euro during the European session after ECB's decision to slow down QE in September and put an end in December. The Pound fell from1.34466 and pierced through six major support points before finding temporary relief at 1.32567 support. The Pound is now trading at 132.628 and will need to hold above 1.32505 for any possibility of starting the recovery. Failure to hold at 1.32505 could see prices fall further to 1.32382
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.