GBP/USD loses grip on key support – Société Générale
6 Articles
6 Articles
News and prognosis of the price of the pound sterling: GBP/USD falls to robust data from US US - World Stock Market
GBP/USD falls to solid US data as the probabilities of fed cut fad The GBP/USD falls during the North American session, lowering 0.07% after the publication of solid economic data from the US that promoted the dollar, which reached a new July maximum while recovering land at the beginning of the second half. At the time of writing, the par is quoted in 1,3408. Read more… The sterling pound even wins when the United Kingdom unemployment rate acc…
Pound Sterling limits losses after UK employment data
GBP/USD trades near 1.3400 as markets assess UK employment data. The near-term technical outlook shows no signs of an extended recovery. Markets await weekly Initial Jobless Claims and Retail Sales data from the US. GBP/USD trades marginally lower on the day at around 1.3400 in the European session on Thursday. Although Pound Sterling gathers strength against other major currencies, GBP/USD’s technical outlook is yet to point to a buildup of rec…
GBP/USD Mid-Day Outlook - Action Forex
Intraday bias in GBP/USD remains neutral and focus stays on on 1.3369 support. Decisive break there will suggests that it's already correcting the rise from 1.2099. Deeper fall should then be seen to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Nevertheless, strong rebound from current level will retain near term bullishness. Break of 1.3561 support turned resistance will bring retest of 1.3787 high first.
European Currencies Test Key Support Levels
European currencies have temporarily stabilised following a phase of downward correction, as markets await the release of key economic data. In the absence of new strong catalysts, the market has adopted a wait-and-see approach near critical support levels — 1.3400 for GBP/USD and 1.1600 for EUR/USD. Investors' attention is firmly focused on inflation figures, which may either support a resumption of recent bullish trends or serve as a trigger f…
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