GBP/USD: Upside momentum seems to be losing traction – UOB – by pabspiovano GBPUSD Currencies Majors Banks
24-hour view: “We highlighted last Friday that ‘while upward momentum has waned, there is room for GBP to test 1.2450 first before the risk of a more sustained pullback increases’. However, GBP did not test 1.2450 as it traded between 1.2346 and 1.2419 before closing modestly lower at 1.2400 . The price actions appear to be part of a consolidation phase and GBP is likely to trade sideways today, expected to be between 1.2350 and 1.2425.
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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week -USD/JPY, BTC/USD, GBP/USD, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 29th, 2022 here.
Read more »
GBP/USD: 29th January - 4th FebruaryThe GBPUSD went into the weekend near the 1.23880 price after demonstrating a rather dynamic week of trading- Forex Trading FX Money Markets
Read more »
The Strategist Kitchen 100A foolproof rice cooker, tongs that won't scratch your pans, and 98 other kitchen items that are worth your money
Read more »
Market Strategist Warns of 'Blood' on February 1 Ahead of Fed Meeting – Economics Bitcoin NewsWhile some investors expect a dovish Fed, the strategist argues that Powell will instead continue to implement restrictive policy.
Read more »
GBP/USD bulls and bears battle it out at the start of week ahead of central banks, Fed, BoEGBP/USD dropped on Friday due to the fears that the United Kingdom economy's slowdown may prompt the BoE that meets this week to slow down on its rate
Read more »