Wij gebruiken een aantal cookies om u de best mogelijke browser ervaring te bieden. Door deze website te blijven gebruiken, gaat u akkoord met ons gebruik van cookies. U kunt hier meer leren over ons cookie-beleid of door op de link te klikken onderaan iedere pagina van onze website.
The week has not been particularly busy for GBP/USD traders, with little important news. As a result, we’ve seen the currency drift lower, with the 50-day moving average looking under pressure.
The bias remains to the upside, but I would wait until Monday before recommencing any long positions. The Crimean referendum and associated political commentary will unnerve markets over the weekend, so it may take time for the dust to settle.
The currency pairing is still in its longer-term uptrend, with rising support just above $1.65. We may retest this level but the situation still looks supportive of a bounce, in which case $1.68 returns as a potential immediate target.