The GBPUSD has had a volatile couple of days over the last 48 hours, as we are testing the top of the major downtrend line and the top of a major down trending channel.
Keep in mind that the Friday session as the Non-Farm Payroll announcement in the United States, and that of course will have a major influence on what happens with the US dollar. We are also “squeezed” in between the 50 day EMA underneath then the 200 day EMA above, so I think a lot of technical traders will pay attention to those as well.
Quite frankly, if we are going to continue to bounce around in this general vicinity, I will more than likely not trade this market. However, if we can break out of this range, then it would be a very powerful signal as to where we are going nextA move above the 200 day EMA on a daily close and subsequently the down trending line, has me thinking that this market will probably go looking towards the 1.38 level.
In general, I think this is a market that will continue to see a lot of volatility in choppiness, but eventually we will get a huge move to the upside or down. Ultimately, this may come down to the greenback more than anything else as the British pound itself looks a bit tired. The markets have a lot of work to do over the next couple of trading sessions, and therefore we need to sit back and let them tell us which direction to trade.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
GBP/USD Forecast: Bearish pressure could increase below 1.3480GBP/USD has reversed its direction after rising to its highest level in nearly two months at 1.3600 late Wednesday as the dollar's market valuation co
Weiterlesen »
British Pound Latest: GBP/USD Rally Continues, US Dollar Risks Lie AheadCable’s recovery from its multi-month lows printed in December continues with the pair pushing ever higher and back to levels last seen over two months ago. Get your market update from nickcawley1 here:
Weiterlesen »
GBP/USD Price Analysis: FOMC minutes kick-start a bearish stormGBP/USD was hit hard on the back of the Federal Open market Committee minutes today resulting in a quick drop into an area that might be expected to a
Weiterlesen »
GBP/USD Forex Signal: Relentless Rally to ContinueThe GBP/USD rose to the highest level since November 9th as hopes of a more hawkish Bank of England (BOE) rose.
Weiterlesen »
GBP/USD hovering between 1.3500-1.3550 levels post-hakwish Fed minutes as traders await Friday’s US jobs reportGBP/USD continues to trade on the back foot on Thursday as the US session gets underway, despite a weaker than expected US December ISM Services PMI s
Weiterlesen »
GBP/USD holds steady near mid-1.3500s, 100-DMA as traders await the key NFP reportThe GBP/USD pair maintained its bid tone, around the 1.3540-50 area through the first half of the European session, albeit seemed struggling to break
Weiterlesen »