4/20/ · Pound/dollar is in overbought territory – the Relative Strength Index (RSI) is significantly above 70, implying an imminent downside correction. On the other hand, such a downside move would still leave momentum to the upside. Moreover, the currency pair is trading substantially above the 50, and Simple Moving Averages (SMAs) Our mission is to help as many traders as possible. Tradeciety is one of the leading Forex sites on the internet and over traders have gone through our education programs. We share over 20+ years of combined experience in Forex trading. Originally from Germany, we 2/24/ · GBP/USD suffers altitude sickness, new Powell-powered rally may wait. By Yohay Elam Published: Feb 24, GMT | Last Modified: Feb 24, GMT Forex News. GBP/USD has tumbled over pips from the highs after a massive rally. Fed Chair Powell´s dovishness and the UK´s exit plan may trigger a new upward move after the correction ends
GBP/USD: Altitude sickness at ? Oversold dollar may outweigh sterling strength | Forex Crunch
That is what the charts are pointing tobut relentless dollar weakness may result in further gains for cable. The greenback is on the back foot as US Treasury yields remain on relatively low ground and despite the recent uptick.
Returns on benchmark ten-year bonds are around 1. The market mood remains upbeat about the American economy, which is roaring back and helping lift other economies. Another factor in play for the dollar is speculation about US infrastructure spending. President Joe Biden met a bipartisan group of members of Congress and talks forex altitude at an initial phase. Additional headlines from Washington are forex altitude to move markets.
After running quickly with first doses, the UK fully immunized ten million people — a remarkable catch-up with second jabs. The pound has also received a boost from UK labor figures.
The Forex altitude Rate surprised with a drop to 4. All in all, sterling has reasons to rise while the picture for the dollar is more complex. On the other hand, forex altitude, such a downside move would still leave momentum to the upside. Moreover, the currency pair is trading substantially above the 50, and Simple Moving Averages SMAs.
The daily high of 1. It is followed by 1. Some support awaits at 1. It is followed by the early-April peak of 1, forex altitude. The pause that refreshes: Are currency markets hesitant to run with US data?
After taking a short course about forex, forex altitude. Macroeconomics, the impact of news forex altitude the ever-moving currency markets and trading psychology have always fascinated me. I have a B. in Computer Science from Ben Gurion University. Given this background, forex altitude, forex software has a relatively bigger share in the posts, forex altitude. Yohay's Google Profile. Latest Ripple XRP Price Prediction: Will Resistance Be Broken At Last?
Oversold dollar may outweigh sterling strength. All in all, the graph is pointing to a setback followed by gradual gains. Get the 5 most predictable currency pairs.
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