GBP/USD Weekly Outlook 01/06/14

FX:GBPUSD   British Pound / U.S. Dollar
The GBP/USD finds itself in a similar position to the EUR/USD this week.

Having tried to rally at the end of last week the pair struggled to hold above 1.6750. The continued recent trading below the rising trend line hints at a further move lower this week.

With price failing to hold above key resistance and remaining below the 20 day SMA we expect the pair to move lower on technicals this week.

This weeks Rate decision could however put this view in jeopardy, particularly if we get any further hints of any early than expected rate rise on the Pound. Therefore we would be somewhat cautious in backing the move lower.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out