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GBP/USD Rallies Supported by Positive Fundamental, Awaiting Carney

28 June 2017 06:10 PM BDT
GBP/USD Rallies Supported by Positive Fundamental, Awaiting Carney

FxGrow Daily Technical Analysis – 28th June, 2017 By FxGrow Research & Analysis Team GBP/USD Rallies Supported by Positive Fundamental, Awaiting Carney After a disappointing UK Parliament Elections with sharp decline for GBP/USD, the pair found some positive fundamentals supporting Sterling sharp tone facing collapsing U.S Dollar. GBP/USD recorded +144 pips price action with 1.2860 high and closing at 1.2813, above 50 EMA (1.2777) which confirms a bullish momentum. Today, the cable plunged to 1.279 low after clocking 1.2827 high, currently trading at 1.2816 with expectations for more volatility taking into consideration sharp declines ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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