GBPUSD is weak, since recent data didn’t support the currency GBP. This cross or forex pair is expected to continue down. BEARISH. Our short trade for GBPUSD hit the target 1.3150 giving a profit of +30 pips. GBPUSD is weak and is expected to continue down after breaking an important support.
GBPUSD is stuck at the lower part of the week move. Waiting for further data to confirm either a continuation lower or a move up to retrace some of its losses. USD is strong confirming further continuation of the current trend and GBP is still weak. The ideal scenario is a move up and then […]
GBPUSD has managed to bounce from a key level. This bounce comes when GBP officials said they are ready for Brexit negotiations. Nevertheless, GBP is undermined by other officials comments who said it would take months to stabilize the brexit negotiations. GBPUSD is still weak in general.