Home Forex GBP/USD Trying to find gains above 1.2400

GBP/USD Trying to find gains above 1.2400

by SuperiorInvest


GBP/USD is treading just above the 1.2400 handle as the pair struggles with the upper end of the recent consolidation. Pound Sterling (GBP) struggles to hold on to gains against the US Dollar (USD) this week. Read more…
According to economist Lee Sue Ann and marketing strategist Quek Ser Leang of UOB Group, the uptrend could lose traction if GBP/USD it will fall below 1.2350. Read more…
GBP/USD is looking to extend its losses for a third straight day ahead of UK retail sales data, which traded around 1.2410 during the Asian session on Friday. The psychological level of 1.2400 serves as immediate support, followed by further support around 1.2350, which is in line with the nine-day exponential moving average (EMA) at 1.2353. Read more…

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