GBPUSD: Starting to correct?
Hello dear friends!
Today, GBP/USD is gradually decreasing to the level of 1.2800 tons in the first day of the new week. The US Dollar has prevented its losing streak as the market shifts to risk aversion ahead of the highly anticipated US CPI report, which will be released on Tuesday. This has somewhat limited the upward trend for the GBP/USD pair.
As a result, the sellers are starting to suppress the price increases in the short to medium term. From the chart, we can see that a peak near 1.290 has formed and the price is starting to correct after a significant increase from the previous week.
The technical targets and prospects in this case are highly evaluated at around 1.275, which is approximately the 0.5 - 0.618 Fibonacci levels.
Today, GBP/USD is gradually decreasing to the level of 1.2800 tons in the first day of the new week. The US Dollar has prevented its losing streak as the market shifts to risk aversion ahead of the highly anticipated US CPI report, which will be released on Tuesday. This has somewhat limited the upward trend for the GBP/USD pair.
As a result, the sellers are starting to suppress the price increases in the short to medium term. From the chart, we can see that a peak near 1.290 has formed and the price is starting to correct after a significant increase from the previous week.
The technical targets and prospects in this case are highly evaluated at around 1.275, which is approximately the 0.5 - 0.618 Fibonacci levels.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.