Pound Sterling Price News and Forecast: GBP/USD awaits market cues amidst flag pattern formation
|GBP/USD Price Analysis: Dives to near 1.2700 psychological support followed by 14-day EMA
GBP/USD halts its three-day winning streak, trading around 1.2700 psychological level during the Asian session on Monday. The GBP/USD pair seems to face a critical juncture, with the possibility of a break below the psychological level. If this occurs, it could surpass the 14-day Exponential Moving Average (EMA) at 1.2692. Read more...
GBP/USD awaits market cues amidst flag pattern formation
As financial markets embark on a new week, the GBP/USD currency pair finds itself caught in a crucial phase, trading within a short-term flag pattern that signals a potential decisive move on the horizon. This technical setup comes amidst broader market shifts and key economic events such as US inflation and UK GDP and production figures set to unfold this week. Read more...
GBP/USD Forecast: Souring mood could cap Pound Sterling's upside
GBP/USD closed the previous week virtually unchanged on the back of a decisive recovery seen in the late American session on Friday. The pair holds steady at around 1.2700 but the negative shift seen in risk sentiment could make it difficult for Pound Sterling to find demand. Read more...
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