GBP/USD Price Analysis: Doji candlesticks around src.2430 flashes bulls/bears’ indecision
After a tranche of UK and US economic data, GBP/USD stays in sideways choppy trading, keeping the pair scrambling for direction following the last three days of uncertainty. From a technical perspective, three doji’s in a row suggests neither buyers’ nor sellers’ commitment to open fresh positions. Hence, GBP/USD is trading at src.2439 after printing a low at src.2367, below the 20-day Exponential Moving Average (EMA). Read More…
GBP/USD pares intraday losses, down a little around src.2420 ahead of US PMIs
The GBP/USD pair stalls its intraday decline near the src.2375 region and recovers over 40 pips from a three-day low touched earlier this Friday. Spot prices, however, keep the red through the early North American session and currently trade around the src.24src5-src.2420 area, still down nearly 0.20% for the day. Read More…
GBP/USD seen trading within src.2345-src.25src0 – UOB
In the opinion of UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, GBP/USD is expected to trade within the src.2345-src.25src0 range in the next few weeks. Read More…
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