GBP/USD risks further losses near term – UOB – by pabspiovano GBPUSD Currencies Majors Banks
24-hour view: Our view that GBP would trade in a range yesterday was incorrect. Instead of trading in a range, GBP plummeted to a low of 1.2680. While severely oversold, there appears to be enough momentum for GBP to dip below 1.2680. The major support at 1.2645 is likely out of reach today. In order to keep the momentum going, USD must stay below 1.2795 .
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.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
GBP/USD to weaken and challenge 1.26 over the coming weeks – HSBCThe British Pound remains the best performing G10 currency so far in 2023. Economists at HSBC analyze GBP outlook. Any moves above 1.30 are likely to
Les mer »
British Pound Toppish Ahead of BOE: GBP/USD, GBP/AUD, GBP/NZD Price SetupsThe chances of a smaller interest rate hike at the Bank of England’s (BOE) meeting on Thursday are growing as UK price pressures appear to be finally moderating from elevated levels. What is the outlook for GBP/USD, GBP/AUD, and GBP/NZD?
Les mer »
GBP/USD Price Analysis: Cable fades US credit downgrade linked bounce, 1.2750 in the spotlightGBP/USD Price Analysis: Cable fades US credit downgrade linked bounce, 1.2750 in the spotlight – by anilpanchal7 GBPUSD Technical Analysis RiskAversion BOE RatingAgencies
Les mer »
GBP/USD: Gains through 1.29 needed to give Cable a stronger, technical lift – ScotiabankGBP/USD consolidates below 1.28 ahead of Thursday’s BoE decision. Economists at Scotiabank analyze the pair’s outlook. Cable should continue to find s
Les mer »
GBP/USD Price Analysis: Aims toward 1.2700 after a break of ascending channelGBP/USD breaks below the bottom of an ascending channel, ahead of the Bank of Englan’s (BoE) monetary policy decision on Thursday, as the pair aims to
Les mer »
NZD/USD now seen within a range bound trade – UOBMarkets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group see NZD/USD navigating within the 0.6135-06285 range in the next fe
Les mer »