GBPUSD Analysis: Runs into Overbought [Video]

LMAX Group Research Desk LMAX Group

It's been a rocket start to 2018 for the Pound, with the Cable rate on fire and already contemplating a push up through the major psychological barrier at 1.4000. Medium term technicals are supportive of a move towards 1.4200-1.4300 next, though short term, it's worth highlighting, the daily chart is now well overextended.

In this analysis, we take a look at GBPUSD each day, highlighting all of the need to knows for anyone looking to extract up to date information on major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding Sterling (Pounds) or US Dollars, looking for an idea of where they may want to consider making that next conversion.

The GBPUSD update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.

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LMAX Group Research Desk

LMAX Group

LMAX Group is a dynamic, visionary and award-winning financial technology company.

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