GBP/USD exposed on downside

Tuesday, 30/05/2017 | 09:13 GMT

Disclaimer

Cable has broken below the 200 SMA on the 4hr chart and found resistance here overnight. Look for support at the late April lows around 1.2760.

USD/CHF is eyeing further gains as the pair continues to trade in the range it has been holding for the last 18 months. Expect resistance in the 0.9835-0.9870 area but a move beyond here opens the way to parity.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/gbpusd-exposed-on-downside/?camp=24219

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