free counter

Pound Sterling Price News and Forecast: GBP/USD bulls are approaching for air but face strong bearish pressure

GBP/USD Price Analysis: Bulls are approaching for air but face strong bearish pressure

GBP/USD has been pushed into cycle lows on Thursday before major data from the united states on Friday. While you can find no signs of an imminent correction on the longer time frames, the 4-hour chart is beginning to pull back gives rise to a potential possibility to the upside.The next illustrates the purchase price action and structures on the weekly, daily and 4-hour charts. Read more…

GBP/USD prints fresh 2-year lows below 1.1500 as US dollar soars

A stronger US Dollar pushed GBP/USD to levels under 1.1500 for the very first time since March 2020. The greenback is rising sharply following upbeat US economic data, amid risk aversion and higher yields. The pair bottomed at 1.1497 and rebounded toward 1.1550, trimming losses. The US Dollar Index reaches the best level since 2002, up 1% for your day. The dollar was trading in positive ground and rose further following US ISM Manufacturing August report that showed better-than-expected numbers, including a recovery in the employment index and a slowdown in prices. Earlier, the weekly jobless claims report also came in above expectations. Attention now turns to the Non-farm payrolls are accountable to be released on Friday. Read more…

GBP/USD Forecast: Pound eyes fresh multi-year lows amid risk-aversion

GBP/USD has didn’t get rid of the bearish pressure after having modestly rebounded from the multiyear low it touched at 1.1569 early in the day. The risk-averse market environment isn’t allowing the British pound to get demand and the near-term technical outlook implies that there’s more room on the downside for the pair. Read more…

Info on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled with this page are for informational purposes only and really should not at all run into as a recommendation to get or sell in these assets. You need to do your personal thorough research prior to making any investment decisions. FXStreet will not at all guarantee that information is clear of mistakes, errors, or material misstatements. In addition, it will not guarantee that information is of a timely nature. Buying Open Markets involves a lot of risk, like the lack of all or perhaps a part of your investment, in addition to emotional distress. All risks, losses and costs connected with investing, including total lack of principal, are your responsibility. The views and opinions expressed in this post are those of the authors and don’t necessarily reflect the state policy or position of FXStreet nor its advertisers. The writer will never be held accountable for information that’s found at the finish of links posted with this page.

Or even otherwise explicitly mentioned in your body of this article, during writing, the writer does not have any position in virtually any stock mentioned in this post and no method of trading with any business mentioned. The writer have not received compensation for writing this short article, apart from from FXStreet.

FXStreet and the writer usually do not provide personalized recommendations. The writer makes no representations regarding the accuracy, completeness, or suitability of the information. FXStreet and the writer will never be responsible for any errors, omissions or any losses, injuries or damages due to this information and its own display or use. Errors and omissions excepted.

The writer and FXStreet aren’t registered investment advisors and nothing in this post will be investment advice.

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker