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US Treasury Bonds keeping pressure on the Cable – GBP/USD Market Outlook – 18/01/2021

SquaredFinancial

The Pound lost the 1.36 support despite the accelerated UK vaccine campaign. Last week’s US Treasury yields recovery is still impacting negatively on the market’s risk sentiment, shrugging off today’s better-than-expected Chinese GDP report. However, if bond yields continue to head lower during this upcoming week, then the Pound bulls might regain confidence and push the pair back above 1.36.

Support: 1.3530 / 1.3485
Resistance: 1.3615 / 1.37

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/us-treasury-bonds-keeping-pressure-on-the-cable-gbp-usd-market-outlook-18-01-2021
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