#GBPUSD @ 1.18839 : Ongoing move could persist towards projections near 1.2070 – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
The Pound outperformed G10/USD last week. Economists at Société Générale note that the GBP/USD pair could extend its race higher towards 1.2070.
“GBP/USD has affirmed a short-term bounce after cross crossed above the trend line since February. The ongoing move could persist towards projections near 1.2070.”
“The 200-Day Moving Average at 1.2250/1.2300 is a crucial resistance zone.”
“Lower daily lows suggest EUR/GBP may have room to run towards next support around 0.8620 (GBP/EUR 1.16).”
[/s2If]
Join Our Telegram Group
