Pound Sterling Price News and Forecast: GBPUSD is looking to test weekly lows at 1.1940
|GBP/USD declines towards 1.1940 amid cautious market mood, Fed commentary ahead
The GBP/USD pair is seeking a cushion around the immediate hurdle of 1.1950 in the early Tokyo session. The Cable displayed volatile moves on Tuesday after failing to sustain above the psychological resistance of 1.2000 as the FX domain turned currency-specific.
Will GBP/USD drop to the 1.1930 level?
Looking at GBPUSD’s chart, we can see that the FX pair fell below the level of $1.20 and if it fails to rise above it, then we could expect a further drop of the rate towards its support level at around $1.1930.
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.