Pound looks vulnerable amid risk aversion
“In case safe-haven flows continue to dominate the financial markets in the second half of the day, the risk-sensitive GBP could find it hard to stay resilient against the greenback.” “On the upside, the lower limit of the ascending channel and the 20-period SMA align as key resistance at 1.3680. If the pair manages to return within that channel, it could target 1.3700 and 1.3725 .”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States 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: Pullback to 1.3600 LikelyThe $GBPUSD pair attempted to make a comeback on Monday as concerns about the Boris Johnson administration remained.
Source: Daily_Forex - 🏆 567. / 51 Read more »
GBP/USD: UK politics is in the driving seat, BoE in focus alsoGBP/USD is around flat on the day so far in a quiet start to the week following a significant correction on Friday with demand for the US dollar that
Source: FXStreetNews - 🏆 14. / 72 Read more »
GBP/USD Forex Signal: Sterling Ripe for a ComebackThe GBP/USD pair came under pressure as investors prepared for the upcoming economic numbers from the UK.
Source: Daily_Forex - 🏆 567. / 51 Read more »
NZD/USD Price Analysis: Bears brace for monthly support below 0.6800 on mixed China dataNZD/USD Price Analysis: Bears brace for monthly support below 0.6800 on mixed China data By anilpanchal7 NZDUSD Technical Analysis China GDP ChartPatterns
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD Price Analysis: Weakness expected to return below 1.1380EUR/USD remains well supported in the 1.1400 neighbourhood following Friday’s strong retracement. The inability of the pair to revisit the area of rec
Source: FXStreetNews - 🏆 14. / 72 Read more »
USD/IDR Price News: Rupiah pares intraday gains above $14,300 on mixed Indonesia trade numbersUSD/IDR Price News: Rupiah pares intraday gains above $14,300 on mixed Indonesia trade numbers By anilpanchal7 USDIDR TradeBalance RiskAppetite Coronavirus ForeignTrade
Source: FXStreetNews - 🏆 14. / 72 Read more »