Pound Sterling Price News and Forecast: GBP/USD 1.2170/1.2100 is next potential support zone
|GBP/USD Forecast: Pound Sterling struggles to attract buyers despite oversold conditions
GBP/USD registered losses for the third consecutive trading day on Monday and declined to a six-month low of 1.2167 in the Asian session before recovering toward 1.2200. The pair remains technically oversold but investors could refrain from betting on a steady upward correction in the risk-averse market environment. Read more...
GBP/USD: 1.2170/1.2100 is next potential support zone – SocGen
The Pound continues to struggle as September draws to a close. Economists at Société Générale analyze GBP outlook.
GBP/USD confirmed a Head and Shoulders and subsequently gave up the 200-DMA resulting in steady decline. Read more...
GBP/USD: Gains through 1.2200 may trigger a squeeze to the 1.23 area – Scotiabank
Cable is soft but off earlier lows. Economists at Scotiabank analyze GBP/USD outlook.
Cable price signals are reflecting a tentative and perhaps only short-term base for the GBP developing on intraday chart. Read more...
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