$GBPUSD Forecast: Pound needs another risk boost to extend rebound by eren_fxstreet forex trading
ile waiting for headlines from the meeting between the Russian and Ukrainian foreign ministers, however, the pair has lost its bullish momentum. The technical picture doesn't yet point to a bullish tilt in the near-term outlook but theUkrainian President Volodymyr Velenskyy told the German newspaper Bild late Wednesday that the aim of Thursday's talks was to end the war.
The dollar is likely to continue to outperform its rivals and drag GBP/USD lower in case Russia and Ukraine fail to make progress and vice versa. 23.6% retracement of the latest downtrend). In case buyers manage to hold the pair above that level, the next resistance aligns at 1.3200 before 1.3250 . In the meantime, the Relative Strength ındex indicator on the four-hour chart stays below 50, suggesting that buyers are yet to control the pair's action.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
British Pound Forecast: GBP/USD, GBP/JPY at Risk as Retail Traders Boost Long BetsThe British Pound remains vulnerable as retail traders build up Sterling long bets. This may spell trouble for GBP/USD and GBP/JPY. What are key levels to watch? Get your market update from ddubrovskyFX here:
Lire la suite »
EUR/USD Forecast: Risk mood to drive euro's action on ECB dayEUR/USD has registered impressive gains on Wednesday on renewed hopes for a de-escalation of the Russia-Ukraine conflict. The pair stays relatively qu
Lire la suite »
GBP/USD shoots higher in a bout of risk-on as Ukraine confirms not insisting on NATO membershipGBP/USD shoots higher in a bout of risk-on as Ukraine confirms not insisting on NATO membership By ross_burland GBPUSD Ukraine Currencies DollarIndex RussianFederation
Lire la suite »
USD/JPY rebounds from 115.55, still challenging key resistanceThe USD/JPY dropped during the American session to 115.54, hitting a fresh daily low and quickly rebounded back toward the 115.80 area. The improvemen
Lire la suite »
Gold Price Forecast: XAU/USD poised to set new record highs above $2,075Gold is trading in a narrow channel near $2,050. A retest of the record highs at $2,075 remains well on the cards, as the metal’s technical setup cont
Lire la suite »
GBP/USD to recover towards 1.34 on a clear break of the 1.32 level – ScotiabankCable has managed to peel away from the 1.31 figure area but it is still too early to call a marked reversal in the pound’s losses since late-Feb, acc
Lire la suite »