GBP/USD to suffer further falls to the 1.3300/1.3250 zone – SocGen
|GBP/USD stays depressed below 1.3400. Economists at Société Générale expect the cable to continue its move down to the 1.3300/1.3250 area.
Down move could extend
“GBP/USD rebound has petered out and it looks poised to head lower towards next projections at 1.3300/1.3250.”
“Daily Kijun line at 1.3600 is near-term resistance. This must be crossed for a meaningful rebound.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.