The GBP/USD pair made an effort to hold the 1.2650 level in early Monday trading in Europe, despite a rebound in the US Dollar driven by risk-averse market sentiment. Traders are now looking forward to a speech by BoE's Chief Economist Huw Pill and US housing data for fresh momentum.
From a technical standpoint: The convergence of the 34 and 89 EMA around the 1.264 support level suggests that we might expect an upward trajectory for GBPUSD in the near future, with two immediate targets highlighted in the analysis.
From a technical standpoint: The convergence of the 34 and 89 EMA around the 1.264 support level suggests that we might expect an upward trajectory for GBPUSD in the near future, with two immediate targets highlighted in the analysis.
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