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 securities. 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 Forex 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.
FXstreet.com (Barcelona) - According to Technical Markets Strategist William Moore at RBS, “The GBP/USD has become strictly bearish – we can’t seem to find any other ways of saying something looks like it wants to go down. The price action over the fundamental data release was the kicker the market needed to push it away from the cluster of moving averages and now the downside target is the 1.5756 level onto the 1.5600 level eventually. The ideal short-term fade levels are 1.5916/36 using a stop through the 10 day average trading around 1.5986 today.”