GBP/USD ready to rally?

Thursday, 30/03/2017 | 09:34 GMT

Disclaimer

Cable is holding around the 50 day MA and also the 38.2% retracement of the post-Brexit sell-off. Support here suggests next move could be higher with 1.26, 1.2660 and 1.2720 potential targets.

US Crude Oil has broken back above the 200 day moving average and is sitting just above the 61.8% retracement of the post-Opec cut rally. Look for resistance at the 50% retracement of $50.70.

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/DAILY_MARKET/gbpusd-ready-to-rally-

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