TenkoFX - Analytics

    TenkoFX

    416.75 7.25/10
    68% of positive reviews
    Real

    GBP/USD weaker near 1.3220 ahead of PMI, BoE

    The Sterling is now accelerating its downside vs. the greenback, with GBP/USD slipping to session lows in the 1.3220 region.GBP/USD looks to PMISpot remains unable to gather traction so far, extending its consolidative scheme in the lower bound of the post-Brexit range near the 1.3200 handle amidst swelling risk-off sentiment.Ahead in the day, GBP will be under pressure in light of the upcoming UK’s Services PMI for the month of June (52.7 exp.) followed by the BoE’s Financial Stability Report and the subsequent speech by Governor M.Carney.GBP/USD levels to considerAs of writing the pair is losing 0.50% at 1.3220 and a breach of 1.3118 (2016 low Jun.27) would open the door to 1.3000 (psychological level). On the other hand, the initial up barrier is located at 1.3533 (high Jun.29) followed by 1.3833 (previous 2016 low Feb.29) and finally 1.4004 (low Apr.6).


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree