GBP/USD lives to fight another day, notes Barclays Capital, by managing to close above 1.5270. This level marks the neckline of a large topping pattern, and a close below here is a warning of severe weakness toward 1.5150 and 1.4950 later in the month. The spot did spike below 1.5270 on Friday, hinting of things to come. It now trades at 1.5295, and Barclays Capital says range trading below 1.5410 keeps the outlook bearish.
Search
Subscribe To
Posts
Comments
Follow by Email
Dollar-rate.org Archive