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The Pound keeps trending higher amid USD weakness – GBP/USD Market Outlook – 10/06/2020


The Pound seems to benefit from the US Dollar weakness ahead of the Fed Monetary Policy decision, pushing the pair above 1.2750, as traders shrug off Brexit uncertainty. UK PM Boris Johnson is expected to announce some more guidelines for the easing of the pandemic-led halt in the economic activities, which might spread further optimism in the marketplace. If the Fed sounds dovish in today’s press conference, then the bulls will be eyeing to test 1.28 and beyond, as price keeps trending upwards with higher-highs and higher-lows.

Support: 1.2750/ 1.2710
Resistance: 1.28 / 1.2850

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/the-pound-keeps-trending-higher-amid-usd-weakness-gbp-usd-market-outlook-10-06-2020
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