Sterling: Test month low, Could Sterling break it ?

FX:GBPUSD   British Pound / U.S. Dollar
209 0 2
Last two weeks, the price action of GBPUSD             made all traders to be surprised when it dropped more than 200 pips from SMA200 to month low at 1.5020; the main reason is traders still think that BOE is more hawkish than ECB and the hope for rate hike doesn't destroyed, and UK economic data in November were not bad at all, so why did market punish Sterling ?

I think there is some impact from Eurozone on UK, and traders see that current level of Sterling is too high, so they drive Sterling lower.

GBPUSD             now stops at month low at 1.5020

The question is Could Sterling break this strong support ?

No major UK data this week, so we don't hope a signal from UK, shift eyes to US data to find more clue.

I think US data could provide enough fuel for GBPUSD             to move lower.

If G/U breaks 1.5020,there is no meaningful support until year low at 1.4580

I am pricing GBPUSD             to 1.4800

So let the market moves.


F.B page: www. facebook             .com/trackingforexsignals (http://tinyurl.com/jxayluk)
Web page: http://www.trackingforexsignals.com
Twitter: https://twitter.com/SforexSolution
Contact: admin@trackingforexsignals.com
Sforex Solution: Do the right thing – Think the right way
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out