GBP/USD firm on BoE sentiment, USD wekaness, pressing against critical resistance By ross_burland GBPUSD BOE CentralBanks DollarIndex Currencies
The price has penetrated into resistance and there are prospects of a continuation into the 1.3520's on a break of the 1.3470.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BOE to hike rates three times through May – Goldman SachsThe Goldman Sachs economists predict three interest rate hikes by the Bank of England (BOE) this year, which would mark the quickest tightening in 25
Read more »
GBP/USD to retest medium-term support at 1.3189/35 – Credit SuisseGBP/USD continues to essentially hold the “neckline” to the December base at 1.3376 for now. But the broader risk is seen lower for a retest of medium
Read more »
EUR/USD Price Analysis: Bulls take on a critical hourly resistance in New York tradeEUR/USD is on the verge of an important upside break on the hourly charts. Bulls have their eyes set on a significant correction of last week's bearis
Read more »
GBP/USD Price Analysis: Recaptures 50-DMA on the road to recoveryGBP/USD is looking to build onto Friday’s rebound from five-week lows of 1.3357 reached last Thursday, as the overall upbeat market mood favors the hi
Read more »
Silver Price Forecast: XAG/USD forming a bullish-harami as bulls target $23.00Silver Price Forecast: XAG/USD forming a bullish-harami as bulls target $23.00 By christianborjon Silver XAGUSD Metals Commodities Technical Analysis
Read more »
AUD/USD: It is big week for the Aussie, a come back could be on the cardsAUD/USD ended a bad week at a critical support area on the charts, however, traders will be keen to reposition themselves ahead of what could be a haw
Read more »