The post GBP/USD Struggling to find gains above 1.2400 appeared on BitcoinEthereumNews.com.

The GBP/USD is treading water just above the 1.2400 handle as the pair grapples with the top end of recent consolidation. The Pound Sterling (GBP) is struggling to hold onto gains chalked in against the US Dollar (USD) this week. Read More… In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, the upward bias could lose traction if GBP/USD breaks below 1.2350. Read More… GBP/USD looks to extend its losses for the third consecutive day ahead of the Retail Sales data from the United Kingdom, trading around 1.2410 during the Asian session on Friday. The 1.2400 psychological level serves as immediate support, followed by the next support around 1.2350, which is aligned with the nine-day Exponential Moving Average (EMA) at the 1.2353 level. Read More…   Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-struggling-to-find-gains-above-12400-202311171800

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Filed under: News - @ November 18, 2023 2:20 am