The GBPUSD pair has fallen again as we continue to see plenty of negativity out there, and perhaps recovery of this massive shot higher.
is hanging around the 1.15 level, so I think now it does make quite a bit of sense that we would see negativity in that area. The market breaking above all of that would be a very bullish sign, but I think it’s also very unlikely to happen. We have the Non-Farm Payroll announcement coming out on Friday, which will have a major influence on the US dollar.As far as the British pound is concerned, we already know what a mess the United Kingdom is going to be this winter.
Pay close attention to the interest rates in the United States, because if they start to spike again, it’s likely that this pair will drop rather drastically. Based on the technical analysis, I think that we are going to test the lows again, although I look at this as a situation where I am more than willing to fade short-term rallies showing signs of hesitation. In fact, I don’t really have a scenario in which I’m willing to buy this pair until the Federal Reserve explicitly pivots. Yes, Wall Street will occasionally try to convince itself that the monetary policy is about to change, but the reality of course is much different.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Forex Signal: More Upside RoomThe GBP/USD price pulled back sharply as the recent rally took a breather.
Read more »
British Pound Forecast: GBP/USD Stalls at First Major Resistance TestA six-day Sterling rally has stalled into a key technical pivot zone- the first test for the Pound recovery. Levels that matter on the GBP/USD weekly technical chart.
Read more »
GBP/USD to fall back toward the lows hit early last week – MUFGThe British pound was the second-worst-performing currency across G10 On Thursday. In the view of economists at MUFG Bank, GBP/USD could slide toward
Read more »
ETH/USD Forecast: Continues to UnderwhelmThe ETH/USD markets have been quiet during the Thursday session, gaining over 1% but staying within the tight range that we have been in.
Read more »
EUR/USD Forecast: Continues to FallThe EUR/USD has fallen again during the trading session on Thursday as we breached the 0.98 level.
Read more »
BTC/USD Forex Signal: Bitcoin Could be About to BreakoutThe BTC/USD price held steady at about 20,000 as the consolidation phase continued.
Read more »