Pound Sterling Price News and Forecast: GBP/USD bulls cautious amid Brexit uncertainty
Pound Sterling Price News and Forecast #GBP #USD bulls cautious amid Brexit uncertainty http://ntvforex.com/news/?id=ad3199. . 12 minutes ago . By NTVForex Team #GBP #USD Price Analysis Slips below 1.3200 amid mixed clues, eyes Bailey s speech #GBP #USD drops to 1.3196 amid the initial Asian session trading on Friday. Despite refreshing the multi month high, the Cable failed to cross the late 2019 top below 1.3300 the previous day. As a result, sellers remain hopeful. However, the key speech from the BOE Government is ahead and makes the traders cautious. As a result, the pair s traders are waiting for the event while observing a three day old rising channel and the sustained trading beyond 200 HMA for immediate direction. With the RSI conditions favoring the bullish channel, the pair s another attempt to clear a descending trend line from August 19, at 1.3230 now, can t be ruled out. However, the said channel s resistance around 1.3265, followed by the 1.3300 threshold will challenge the...
