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12 Dec 2014
GBP/USD remains in bearish territory
FXStreet (Guatemala) - GBP/USD is trading at 1.5735, up 0.11% on the day, having posted a daily high at 1.5747 and low at 1.5695.
GBP/USD is up on the greenbacks weakness, lower US yields and sharp losses in equities all due to oil losses. The major has risen again and away from the supporting area of low 1.57’s, breaking up through the 1.5740 resistances and five-month downtrend.
Above here, key resistance remains at 1.6184, which is the October high as noted by Karen Jones, chief analyst at Commerzbank who explained while below here the market remains bearish.
Next week is packed on the calendar and markets will be turning towards, UK CPI, UK MPC Minutes, UK Unemployment, US CPI, US FOMC and UK Retail Sales.
GBP/USD is up on the greenbacks weakness, lower US yields and sharp losses in equities all due to oil losses. The major has risen again and away from the supporting area of low 1.57’s, breaking up through the 1.5740 resistances and five-month downtrend.
Above here, key resistance remains at 1.6184, which is the October high as noted by Karen Jones, chief analyst at Commerzbank who explained while below here the market remains bearish.
Next week is packed on the calendar and markets will be turning towards, UK CPI, UK MPC Minutes, UK Unemployment, US CPI, US FOMC and UK Retail Sales.