Pound Sterling Price News and Forecast: GBPUSD reaches two-month highs
|GBPUSD Price Analysis: Upside seems favored on rising channel breakout
The GBPUSD pair has witnessed a decline below the critical support of 1.1800 in the Tokyo session. The asset has turned sideways amid the unavailability of any potential trigger. However, the risk profile is continuously solid post the release of the US inflation report. The US dollar index (DXY) has witnessed intermediate support around 106.30 after a perpendicular decline move.
GBPUSD Weekly Forecast: Pound Sterling eyes acceptance above 1.1800
GBPUSD swung from a two-week low to a two-month top in a matter of a few days, having climbed toward 1.1800 ahead of the weekend. The pair benefited from the US Dollar weakness, which extended on narrowing gap between monetary policies from the United States (US) and the United Kingdom (UK).
Read More ...
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.