RoboForex Team
Well-known member
GBPUSD is trapped by politics and the dollar’s reputation
The GBPUSD pair retreated to 1.3233, with political uncertainty weighing on the pound.
Technical outlook
On the H4 chart, the GBPUSD pair is experiencing a corrective recovery after falling sharply in the second half of June. The pair managed to move away from the local low around 1.3141 and rise to the 1.3230–1.3250 area, but it remains below the key resistance level at 1.3277.
The GBPUSD pair is entering a consolidation range due to mixed political signals and a strong outlook for the US dollar.
Read more - GBPUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
The GBPUSD pair retreated to 1.3233, with political uncertainty weighing on the pound.
Technical outlook
On the H4 chart, the GBPUSD pair is experiencing a corrective recovery after falling sharply in the second half of June. The pair managed to move away from the local low around 1.3141 and rise to the 1.3230–1.3250 area, but it remains below the key resistance level at 1.3277.
The GBPUSD pair is entering a consolidation range due to mixed political signals and a strong outlook for the US dollar.
Read more - GBPUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
