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GBPUSD Technical Analysis - Shift in Sentiment

On the daily chart below, we can see that GBPUSD has recently fell back within the previous major range between the 1.1839 support and 1.2444 resistance. The moving averages have been reliable in indicating the trend and they are now pointing to the downside. The obvious target for the sellers is of course the 1.1839 support and that looks attainable if we keep seeing resilience in US economic data that keeps core inflation higher for longer and forces the Fed to go much higher than its projecte... Read More

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Content Topics

Gbpusd

Technical

Analysis

Shift

Sentiment

Forex

Posted: May 30 2023, 08:32

Author Name: forexlive

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