GBP/USD shoots above 1,3400 while the threat to the independence of the Fed hits the US dollar
The GBP/USD PAR is recovered about 1,3400 during the European negotiation hours on Monday, the highest level seen in seven months. He Wire It is strengthened since the US dollar (USD) has been beaten by the threat to the independence of the Federal Reserve (FED) after the president of the United States (USA) Donald Trump.
The US dollar index (DXY), which tracks the value of the dollar against six main currencies, has dropped more than 1% to a new minimum of three years about 98.00. Read more…
GBP/USD forecast: The sterling pound could face the next resistance in 1,3430
GBP/USD extends its upward trend to start the week and quotes at its highest level from September about 1,3400. The pair could face strong resistance in 1,3430.
After the long weekend, the US dollar (USD) is under strong sales pressure on Monday, since the commercial conflict between the US and China does not show signs of de -escalacy in the short term. Read more…
Elliott Wave Technical Analysis in GBP/USD [Video]
GBPUSD’s daily graph shows a clear trend pattern using Elliott’s wave theory. Currently, the currency pair moves inside the wave 1 of navy blue, part of the wider gray wave 1. This position indicates the beginning of a new wave of impulse, which could gain impulse in the next sessions. The structure suggests that this is the first wave in what could be developed in a complete pattern of five waves of impulse through the current and superior time frames. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
