GBP/USD on the edge of falling to a fresh six-year low

FX:GBPUSD   British Pound / U.S. Dollar
112 0 1
"Fundamentally, two big issues are weighing on sterling. One is Brexit and the other is that growth numbers have been on the weaker side and that's pushed back BOE hike expectations."
- Societe Generale (based on Business Recorder)

Pair's Outlook
The British currency retreated from intraday gains on Monday, ending the day with a 20-pip loss against the US Dollar             . The GBP/USD             pair now faces the 2010 low at 1.4230, as it has been trading in a strong bearish trend for the last five weeks. A sharp decline on Friday opened the door for a corrective rally up to 1.4440, where the down-trend lies; however, the weekly PP             and monthly S2 form a rather strong supply around the 1.4380 area. Meanwhile, the Bollinger band and the weekly S1 should limit the dips in case UK fundamentals disappoint and push the Pound lower.

Traders' Sentiment
For the fourth weekday in a row bullish market sentiment remains unchanged at 63%. The share of sell orders slid from 65 and 63%.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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