GBP/USD Forecast: Battling with the critical 1.3000 level

avatar
· Views 2,898

GBP/USD Forecast: Battling with the critical 1.3000 level

The GBP/USD pair flirted with the 1.3000 level, retreating just modestly from it ahead of the US Federal Reserve announcement, only to surpass it afterwards. Market players had no reasons to buy the dollar as the coronavirus numbers continue to suggest the economic downturn in the country has not yet reached a bottom.

Market players have continued to ignore Brexit-related headlines that paint a gloomy picture for the UK. Despite both parts are committed to reaching a deal, they have failed miserably in finding common ground within discussions. Meanwhile, the UK BRC Shop Price Index came in at -1.3% in June, following a -1.6% reading in the previous month. Consumer Credit in the same period beat expectations, printing at £-0.086 B. The UK won’t release macroeconomic data this Thursday.

GBP/USD short-term technical outlook

The GBP/USD pair retreated from its daily high but trades around the 1.3000 price zone after the dust settled, anyway poised to continue rallying.  The overall positive stance persists, given that, in the 4-hour chart, the pair continues to develop well above bullish moving averages. Technical indicators may have lost their positive momentum but remain well above their midlines, in line with another leg north coming up next.

Support levels: 1.2940 1.2885 1.2830

Resistance levels: 1.3000 1.3045 1.3090

 

https://www.fxstreet.com/analy...

 

 

免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest