Note

GBP/USD PRICE ANALYSIS: CLIMBS YET REMAIN CONTAINED BELOW 1.2600

hagijeee
· Views 9




  • GBP/USD edges higher on soft US Dollar, climbs above 200-DMA.
  • If buyers reclaim 1.2600, look for a test of 1.2700 in the near term.
  • Once the pair tumbles below 1.2500, look for a drop toward 1.2445 and 1.2299.

The Pound Sterling gains traction against the US Dollar and climbs above the 200-day moving average (DMA) of 1.2541 in early trading during the North American session. At the time of writing, the GBP/USD trades at 1.2566, up by 0.36%.


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related