GBPUSD Watching 1.2500 Support

BY admin admin

<p>The British pound is starting to weaken against the US dollar, as traders anticipate bearish commentary from the Bank of England later today. A loss of the 1.2500 support level could start a bearish breakdown towards the 1.2330 level over the medium-term. To the upside, gains towards the 1.2710 area remain possible if the bulls […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/304450-gbpusd-watching-1-2500-support/">GBPUSD Watching 1.2500 Support</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

UK November retail sales +1.3% vs +0.4% m/m expected

<ul><li>Prior -0.3%; revised to 0.0%</li><li>Retail sales +0.1% vs -1.3% y/y expected</li><li>Prior -2.7%; revised to -2.5%</li><li>Retail sales (ex aut

Forex

Pound Sterling turns vulnerable after disappointing labor market data

The Pound Sterling (GBP) fails to defend its crucial support at 1.2500 after the release of a vulnerable labor market report f

Forex

Energy, Metals Fall, Wheat Rallies

<p>The week started with unpleasant news really. First, the Chinese growth numbers disappointed at yesterday’s open, and sent the metal, energy, and European stocks down. A barrel of American cr

Copyright © 2024 | WordPress Theme: Xews Lite