Technical Analysis


Following the low volumes experienced during the European Bank Holiday weekend, it has been another bullish start to the working week for GBPUSD; trading up to 1.6990 in Tuesday’s European trading session. The question is, however, is this trend set to continue? The general consensus on the street seems to be that it will, with some forecasting that there could be a rise to 1.76 by Q4; strong economic data in recent weeks have been cited and with renewed expe…

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