GBPUSD - GBP/USD Forecast: Pound Sterling to extend correction once below 1.2170
06-12-2022 00:45
GBP/USD has started to fluctuate in a narrow channel at around 1.2200 on Tuesday after having declined sharply during the American trading hours on Monday. 1.2170 aligns as key technical support in ...
US data bolsters USD/JPY while weakening EUR/USD and GBP/USD
Healthy data from the US in the form of jobs data and the ISM services PMI have strengthened the dollar, and USD/JPY has bounced from the 200-day SMA as a result.
GBP/USD Outlook: Failure near ascending channel resistance warrants caution for bulls
The GBP/USD pair witnessed an intraday turnaround of over 180 pips from its highest level since June 17 touched on Monday amid a solid US Dollar recovery from a multi-month low. The incoming stronger ...
GBP/USD Weekly Forecast
The uptrend may be expected to continue in case the market rises above resistance level 1,2306, which will be followed by reaching resistance level 1,2667. An downtrend will start as soon, as the ...
Pound US Dollar (GBP/USD) Exchange Rate Drops as Forecasts for UK Economy Darken
The Pound US Dollar (GBP/USD) exchange rate fell on Monday despite a return of global risk appetite. Poor data releases for the UK’s services sector weighed on the currency pair. Above-forecast PMIs ...
