20 Jan 2015
GBP/USD bears taking charge ahead of 1.5000 psychological level
FXStreet (Guatemala) - GBP/USD is currently offered and trading at 1.5061 with a recent low of 1.5058 and down 0.35% on the day so far.
GBP/USD has dropped through the net and is making moves on the mid point of the 1.50 handle. the pair has been on the offer for the most part of the overnight sessions as the greenback takes control, supported on diversification and general economic fundamentals and divergences between the two economies.
The UK has been let down of late on data and in fact has been more caught up within global events than trading on the back its own domestic circumstances, while analysts continue to back track away from the concept of a rate hike from the BoE in 2015. Meanwhile, from a technical point of view, the bears have a great deal of work to do yet. We have the psychological support at circa 1.5000
before ideas of the 1.4910/1.4813 long term Fibo and 2013
low can be taken on.
GBP/USD has dropped through the net and is making moves on the mid point of the 1.50 handle. the pair has been on the offer for the most part of the overnight sessions as the greenback takes control, supported on diversification and general economic fundamentals and divergences between the two economies.
The UK has been let down of late on data and in fact has been more caught up within global events than trading on the back its own domestic circumstances, while analysts continue to back track away from the concept of a rate hike from the BoE in 2015. Meanwhile, from a technical point of view, the bears have a great deal of work to do yet. We have the psychological support at circa 1.5000
before ideas of the 1.4910/1.4813 long term Fibo and 2013
low can be taken on.