$GBPUSD Forecast: Acceptance above 1.2600/38.2% Fibo. favour bulls amid weaker $USD by hareshmenghani forex trading
Apart from this, the risk-on mood weighed on the safe-havenand acted as a tailwind for the major. Investors turned optimistic amid hopes that the easing of COVID-19 restrictions in China would boost the global economy. The British pound was further underpinned by expectations that UK Chancellor Rishi Sunak's £15BN cash giveaway would lift UK consumer confidence over the coming weeks.
On the flip side, any meaningful pullback now seems to find decent support and remains limited near the 1.2600-1.2590 region. Sustaiend weakness below might prompt aggressive technical selling and expose the 1.2500 psychological mark. The latter coincides with the 38.2% Fibo. level, which if broken would shift the bias back in favour of bearish traders. The next relevant support is pegged near the 1.2445 region before the GBP/USD pair eventually drops to the 1.2400 mark and the 1.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
NZD/USD sticks to gains above mid-0.7000s, bulls eyeing monthly peak amid weaker USDThe NZD/USD pair kicked off the new week on a positive note and built on its recent strong recovery move from the YTD low, around the 0.6215 region to
続きを読む »
GBP/USD Weekly Forecast: The pound has room to rise in the NFP weekThe US dollar’s retracement from two-decade highs alongside a positive shift in risk sentiment emerged as the key catalysts that helped GBP/USD extend
続きを読む »
USD/JPY holds above 127.00 amid risk-on, softer USD continues to cap the upsideThe USD/JPY pair gained some positive traction on Monday and held on to its modest intraday gains through the first half of the European session. The
続きを読む »
Silver Price Analysis: XAG/USD justifies bull cross above $22.00Silver (XAG/USD) renews intraday top past $22.00, extending the previous two-day uptrend, as buyers cheer softer US dollar and technical signals to ke
続きを読む »
USD/JPY stays defensive around 127.00 on softer USD, BOJ-linked chattersUSD/JPY not only reverses the day-start rally that probed a two-day downtrend but also renews the intraday low heading into Monday’s European session.
続きを読む »
AUD/USD Price Analysis: Bulls move into a critical area on H4 charts, eye a run to the 0.7250/60ssAs per the prior analysis, AUD/USD Price Analysis: Bulls firming to test critical 0.71 the figure that guards a much stronger correction, the price ha
続きを読む »