It's our 19th anniversary!

Pound/Dollar to Break 1.53 before Friday

Hourly

On Wednesday the pound/dollar was showing mixed dynamism on the market. The first half of the day saw the pound down against the dollar and in the second it was up. The UK pound is now down in Asia. At 9:15 EET, the rate was 1.5287. I expect today’s movements to be like yesterday’s. At 11:30 EET the UK will release its service sector PMI. A decent set of stats will strengthen the pound’s position against the dollar and other currencies and vice-versa. I think that it won’t venture far from the LB because the payrolls are out tomorrow.

Часовой график евро/доллар

Daily

The GBPUSD is down to 1.5263. The 1.5230 target is still on the cards.

Дневной график евро/доллар

Weekly

After a break in the channel, look to 1.52.

Недельный график евро/доллар

Attention:

Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.

Back to top