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Cable bulls attempting to break through 1.37 – GBP/USD Market Outlook – 13/01/2021

The Pound attempting to breach through 1.37 after US yields pulled back from the highs, triggering a US Dollar sell-off. Moreover, the intraday momentum picked up pace after the BOE Governor Andrew Bailey downplayed speculations on negative interest rates. Today, our overall bullish view remains intact, waiting for the break above 1.37 to confirm further gains towards 1.3750 and 1.38.

Support: 1.3615 / 1.3530
Resistance: 1.37 / 1.3750

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Wednesday, 13 Jan, 2021 / 9:07

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/cable-bulls-attempting-to-break-through-1-37-gbp-usd-market-outlook-13-01-2021

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