The GBP/USD pair fell significantly during the day on Tuesday, slicing through the important 1.2850 level. This is a very bearish turn of events, and could send the market lower. I think that the market will first test the 1.28 handle, and then eventually go down as we have seen significant support broken. Currently, I … Continue reading GBP/USD Forecast August 23, 2017, Technical Analysis
The GBPUSD pair has finally broken through the important 1.2860 support region and this makes it more vulnerable than ever. The pound had already been weak over the past couple of weeks or so and we had also pointed out to this weakness in many of our forecasts. Now with the important support region gone, … Continue reading GBP/USD Daily Fundamental Forecast – August 23, 2017
Investing.com - The dollar held onto gains against the other major currencies in subdued trade on Tuesday, as investors awaited the Jackson Hole Summit due to begin on Thursday.