Ms.陈 
当前我在线
当前我在线 金融从业十余载，精通现货、期货与外汇，欢迎咨询！
It's a sour start to the week for the British pound as it fell across the board on Monday after a disappointing release of economic data. The GBPUSD pair is currently Trading down 0.65 percent over the previous day during the European session.
Soft readings on manufacturing and GDP figures, both of which failed to meet expectations, have increased pressure on the Bank of England (BoE). The BoE had previously stated its openness to further monetary easing should countrywide data not improve. Investors are speculating over a potential rate cut or increased stimulus by the BoE in their May policy meeting. Markets will now be looking closely at the next economic data releases towards the end of the week, namely UK CPI and retail sales figures.
The GBPUSD pair rounded off the previous week struggling to maintain its price above the 1.30 psychological levels on the back of dovish remarks by the BoE governor Carney. Underwhelming US labor figures helped to stabilize the ailing pair, but today's economic data sent GBPUSD tumbling below 1.30.
From a technical perspective, GBPUSD has now dropped below a strong support level and its short-term moving average. The RSI remains above the 30-mark suggesting further selling pressure could still be in play. The bearish target will likely be around the 1.28 handle corresponding to the 50 percent Fibonacci retracement level. A move to this level will resonate with the sideways price action we have seen in the run-up to the UK general elections back in December. On the flip side, we may be experiencing a slight correction as seen in the middle of December, with the price picking back up towards the 1.32 level after a significant drop-off. Immediate resistANCe should be felt around the 1.31 mark, with stronger resistANCe at 1.32.
With the end of January fast approaching, the UK is on track to leave the EU with a deal. Markets may be exhibiting further sideways movement as Traders settle into their positions, widening the Trading range slightly to 1.29 - 1.32.
(Chart Source: Tradingview 13.01.2020)
Looking ahead, there will be US CPI and retail sales figures released this week which will likely influence the GBPUSD. The US is expected to sign a phase 1 trade deal with China on Wednesday, which should provide a boost to the dollar.
Disclaimer: This material has been created for information purposes only. All views expressed in this document are my own and do not necessarily represent the opinions of any entity.
本文标题：GOLDWELL：Daily Market Recap - GBPUSD
本文链接：https://www.91pjz.com/guanyu/jys/7029.html
免责声明：文章不代表91联合立场，不构成任何投资建议，谨防风险。
版权声明：本文来源于91联合网站，转载请注明出处！侵权必究！
返回首页
