GBP/USD Price Analysis: On track for strongest quarterly gain against USD since 2009 – by fx_ross GBPUSD Technical Analysis
Sterling is on track for its best quarter in more than 13 years. However, However, GBP/USD remains about 10% lower for the year and the following analysis is going to be through the eyes of the bears. volatility
This means that the Japanese could be looking to bring assets home, sinking all ships vs. the yen on the forex board. However, the price is now settled back within the volatility between 1.2223 and 1.2084 but it is coiled into a potential breakout peak below 1.2150. As the images above show, the price is on the backside of the trend and us testing the 1.2100 support. An upside correction into the prior bearish impulse would be expected which eyes 1.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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