11 Apr 2014
GBP/USD waiting, but still bullish – FXStreet
FXStreet (Edinburgh) - According to Valeria Bednarik, Currency Analyst at FXStreet, the GBP/USD keeps the bullish stance despite the current consolidation pattern.
Key Quotes
“With no big readings to move the markets in the European morning, market players are waiting for US PPI and Consumer confidence readings later today to decide whether to extend the buying or take some profits out of the table”.
“To the downside it will take a break below 1.6750 to trigger an extension of the bearish corrective movement towards 1.6700/20 price zone, where buyers surge to halt the slide”.
Key Quotes
“With no big readings to move the markets in the European morning, market players are waiting for US PPI and Consumer confidence readings later today to decide whether to extend the buying or take some profits out of the table”.
“To the downside it will take a break below 1.6750 to trigger an extension of the bearish corrective movement towards 1.6700/20 price zone, where buyers surge to halt the slide”.