GBPUSD Forex Signal: Weakly Bearish Below $1.2022 -
I wrote in my previous forecast last Tuesday that we were right in the middle of a very flat consolidation with no signs pointing to the likely short-term direction. I did not see any good opportunities anywhere near the price at that time.
We have seen more movement since then, with the Pound having a positive week last week. It reached as high as $1.2150 before falling back over recent days as the US Dollar made a brief recovery. We have just seen a bullish retracement after an initial downwards movement, but it turned bearish against at $1.2022 and seems to be in the process of making another bearish wave.This level looks quite strong
, and it should be noted that the support can be felt a few pips above the level, probably starting at about $1.1950. I think that scalpers could have a good opportunity to make a few long pips from the next touch of $1.1950 / 40, and it may even be a good swing trade entry.Concerning the GBP, the Governor of the Bank of England will be testifying before the British Parliament at 3pm London time, simultaneous with a release of US CB Consumer Confidence data.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GBP/USD Forex Signal: Pullback to 1.2000 Highly LikelyThe GBP/USD exchange rate rose to the highest level since Wednesday 17 as the US dollar continued retreating.
Leer más »
GBP/USD: Large current account deficit to weigh on Sterling – INGGBP/USD fluctuates below 1.2100. Economists at ING expect Sterling to remain under pressure amid prospects of recession. GBP/USD gains will not last
Leer más »
GBP/USD Price Analysis: Bears eye the 38.2% ratio on break below 38.2% ratioGBP/USD is down on the day so far, losing 0.15%, with the price falling from a high of 1.2074 to a low of 1.2051 so far. The sour tone of OBR forecast
Leer más »
GBP/USD: Mildly offered around 1.2050 amid Covid-led risk aversion, challenges to UK economyGBP/USD: Mildly offered around 1.2050 amid Covid-led risk aversion, challenges to UK economy – by anilpanchal7 GBPUSD EconomicHealth Coronavirus RiskAppetite Currencies
Leer más »
GBP/USD refreshes daily top, retakes 1.2100 mark amid renewed USD selling biasThe GBP/USD pair attracts some dip-buying near the 1.2025 region on Monday and climbs to a fresh daily peak during the early part of the European sess
Leer más »
GBP/USD Price Analysis: Bulls await move beyond 200 DMA/ascending channel confluence hurdleGBP/USD Price Analysis: Bulls await move beyond 200 DMA/ascending channel confluence hurdle – by hareshmenghani GBPUSD Technical Analysis Majors Currencies
Leer más »