GBP/USD stumbles putting key support level at risk around 1.2000 with bears lurking the 100-DMA
GBP/USD snaps three straight days of gains and drops as it tested the 50-day Exponential Moving Average (EMA) at 1.2126, as UK economic data showed the economy did not grow, while consumer sentiment in the US improved. At the time of writing, the GBP/USD exchanges hands at 1.2055. Read More…
GBP/USD is expected to trade within 1.2015-1.2260 – UOB
GBP/USDseems to have now moved into a consolidative phase, likely between 1.2015 and 1.2260, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…
GBP/USD remains depressed near 1.2100 mark, moves little post-UK macro data
The GBP/USD pairextends the previous day’s retracement slide from the vicinity of the 1.2200 mark, or the weekly high and remains under some selling pressure on Friday. Spot prices languish around the 1.2100 mark through the early European session and react little to the latest UK macro data. Read More…
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