Gbp Usd Price Analysis Cable Bulls Stall Near 1ођ Gbp usd fades upside momentum at a multi day high on the key day comprising the us federal reserve (fed) verdict and the monthly uk data dump. that said, the cable pair remains dicey near 1.2600. Gbp usd retreats from the highest levels in five weeks as uk monthly data dump, fed decision loom. overbought rsi, failure to cross fortnight old resistance line and doji candlestick challenge the cable buyers.
Gbp Usd Price Analysis The Potential Support Level Is Located Near Gbp usd price analysis: trades with a positive bias around 1.2600 ahead of uk cpi resistance near the 1.2625 1.2630 region, above which bulls might aim back towards conquering the 1.2700 mark. Gbp usd price analysis: cable bulls prod 50 dma hurdle above 1.2100 as the key week begins the pullback move may initially aim for the one month old resistance turned support line, near 1.2030. The latter should act as a key pivotal point, which if broken decisively should pave the way for a slide towards the next relevant support near mid 1.2600s. spot prices might eventually drop to test the 50 day simple moving average (sma) support near the 1.2600 1.2595 region. gbp usd daily chart. Gbp usd price analysis: bulls have the upper hand above 1.2800, highest since march. gbp usd struggles to capitalize on the move to a nearly three month high set this tuesday. fed rate cut bets keep the usd bulls on the defensive and lend some support to the major. the technical setup validates the positive outlook and supports prospects for.
Comments are closed.