Technical Analysis Report - GBP/USD
20/09/2016 // 07:56:41 am
The pound gained some grounds amid a weak dollar. The risk appetite grew on the back of strong oil.
The pound remains in red figures. The current recovery could be attributed to some profit taking from sellers following last week sharp decrease. The GBP/USD slightly grew above 1.3000 in the Asian session and erased some of its gains during the European hours.
The GBP/USD is trading around 1.3000. A break below will allow a test of the mark 1.2960. We do not exclude a larger recovery towards 1.3100.
29/09/2016 // 07:44:21 am
Pound was weighed by Shafik’s dovish comments (the BOE deputy) as
29/09/2016 // 07:41:12 am
On wednesday, the US currency dollar rose because of profit fixati
27/09/2016 // 10:33:13 am
The dollar remained under pressure against its major rivals as stocks