GBP/USD Forecast: Pound Sterling extends sideways grind above 1.2900
Following the sharp drop seen in the second half of the previous week, GBP/USD registered small gains on Monday. The pair struggles to attract bulls early Tuesday but manages to hold above 1.2900.
The improving risk mood caused the US Dollar (USD) to lose interest in the American session on Monday, helping GBP/USD hold its ground. In the European session on Tuesday, the UK’s FTSE 100 Index trades marginally lower on the day and US stock index futures lose between 0.1% and 0.4%, reflecting a cautious market stance. Read more…
GBP/USD – Sell idea and potential for the further drop [Video]
GBP/USD pair’s recent consolidation within a downtrend suggests potential for further decline. Look for a break below the flag’s lower boundary for entry, targeting subsequent support levels to capitalize on the bearish momentum. Read more…
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