Long-term looking, we would at the moment stay on the sidelines for this pair as there is no any clear trend at the moment, and we would either wait for break below 1.40 handle or above 1.45 area, to place any larger bids.
GBP/USD Weekly Forecast - 25 April – 29 April
Sterling was pushed higher in the course of the last week, mostly supported with the news that Remain campaign in Brexit referendum.Pair broke above 1.44 handle and managed to finish the week above it, which is of course a bullish sign, but we still expect significant amount of resistance all the way to 1.45 handle. As for next week focus will be on UK GDP figures and FOMC Meeting. Pair is likely to find support around 1.43 handle, at least initially, and resistance above 1.4480 and 1.45 level in extension, so these would be our short-term buying and selling points.
- 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