Pound Sterling Price News and Forecast: GBP/USD remains above 1.3800, for now
|GBP/USD: Trading recommendations
GBP/USD maintains positive long-term dynamics, trading in the zone above the long-term support levels 1.3800, 1.3670. The break of the important short-term resistance level 1.3913 will be the second signal confirming the resumption of the uptrend. And an increase in the zone above the resistance levels 1.3970 (Fibonacci level 38.2% of the correction to the decline of the GBP/USD pair in the wave that began in July 2014 near the level 1.7200), 1.3998 will indicate the renewal of the GBP/USD bullish trend. Read more...
GBP/USD Forecast: Remains above 1.3800, for now
The GBP/USD pair dropped on Wednesday toward the June low. The decline found support around 1.3800. The pound outperformed on European hours, with cable hitting a daily high at 1.3872 before turning to the downside. The strength of the dollar was enough to push GBP/USD to the downside. Read more...
GBP/USD drops to weekly lows near 1.3800 as the US dollar soars
The GBP/USD failed to hold to gains and tumbled toward 1.3800 amid a stronger US dollar during the American session. However, the greenback strengthened on the back of end-of-month flows. Cable is under pressure, trading slightly above the 1.3800 zone. The greenback remains strong with USD/JPY above 111.00 and the DXY up 0.40%, at the highest since April, even as US yields drop and amid mixed results in Wall Street. End-of-month flows contribute to the dollar’s strength. Read more...
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