londonforexopen
Short

GBP/USD Weekly Outlook 01/06/14

FX:GBPUSD   Pound Sterling/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.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out