By Orbex
The British pound sterling is seen trading flat as the consolidation near the top end of the rally continues.
The cable has been in a strong volatile ride since late last year due to the Brexit trade talks. This has pushed the currency to test highs above 1.3650.
However, following the gains, price has been trading rather flat. On the short term charts, we see the consistent lower highs forming.
This could result in the descending triangle pattern likely to emerge. If the GBPUSD closes below the 1.3500 level of support, then we expect to see further declines lower.
Free Reports:
The cable will most likely move back within the sideways range of 1.3500 and 1.3150 levels.
By Orbex
By Neha Gour, George Mason University; Ed Maibach, George Mason University, and Luis Ortiz, George…
By JustMarkets On Monday, the US stock indices showed mixed dynamics, with the technology sector…
By Analytical Department RoboForex GBP/USD attempted to move closer to 1.3350 on Tuesday but remained…
By ForexTime SpaceX IPO scheduled for Friday 12th June $75 billion capital raise forecast –…
By JustMarkets On Friday, the American stock market went through one of the harshest crashes…
By Analytical Department RoboForex EUR/USD began the new week at 1.1520. The US dollar ended…
This website uses cookies.