🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

GBP/USD Little Changed Amid Thin Liquidity In The Market

Published 11/11/2014, 02:50 AM
Updated 05/14/2017, 06:45 AM
GBP/USD
-

GBP/USD pair dropped as U.S. dollar recovered against the British Pound advanced following an increase demand for the greenback since the Nonfarm payrolls disappointed data is fading out. Liquidity is expected to be very thin due to public Holidays in USA and Europe.


Our previous analysis remains valid as long as GBP/USD prices are still trading below the lower line of the symmetrical triangle; below $1.5950-level. If the pair closes below $1.5816 on the daily basis, more sellers will jump and the decline will be accelerated and prices could reach $1.5580 area as a potential Triangle target.
GBP/USD

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.