GBP/USD Daily Forecast - 15 January
Sterling spent most of the yesterday's session in an uptrend with a daily closing above 1.52 handle, which indicates that this pair is perhaps ready to aim higher. 1.5270 area is being to resistive at the moment for the pair, so this would be our initially short-term selling point, while if we break above it next resistance can be expected around 1.53 handle.
On the other side, 1.5150 level proved to be supportive at the moment so this is where we would consider buying the pair. On a long-term basis, if we see break above 1.53 handle we would be more than willing to start buying this market with a target set at 1.55 handle. However, we would wait for some type of supportive candle before placing any larger bids. Selling is not an option as 1.50 handle proved to be massively supportive.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419