GBP/USD: Defense of the 1.2810/1.2780 is crucial for persistence in up move – Societe Generale
Source Fxstreet
GBP/USD recently approached last November high of 1.3045, which is an interim hurdle, Societe Generale's FX analysts report.
MACD dips below its trigger line
"A brief pullback has materialized. Daily MACD has dipped below its trigger line highlighting receding upward momentum. This is not a reversal signal but denotes possibility of a pause. The 200-DMA at 1.2810/1.2780 is a short-term support. Defense of this zone is crucial for persistence in up move."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Ethereum price started a fresh decline from the $1,690 zone. ETH is now consolidating and might decline further below the $1,580 support zone.
President Trump escalates the US-China trade war with a 245% tariff on Chinese imports, citing national security and economic retaliation.
In an interview on Monday (April 14), Bessent sought to reassure markets. “If uncertainty is measured by the VIX,” he noted, “it is likely that market uncertainty has already reached its peak.”
Ethereum (ETH) declined 1%, trading just below $1,600 in the early Asian session on Thursday, as Binance Research's latest report suggests that the data availability roadmap has been hampering its value accrual.
Solana (SOL) Price Underwhelms, Experts Believe Cardano (ADA) and Mutuum Finance (MUTM) Are Set To SkyrocketThe crypto market suffers from jitters which have forced Solana (SOL) to decline 15% resulting in its current price of $131. Whales sold $26 million worth of SOL tokens while founder Anatoly Yakovenko failed to improve the situation through his comparisons of U.S. bonds to the MicroStrategy financial problems.
The crypto market suffers from jitters which have forced Solana (SOL) to decline 15% resulting in its current price of $131. Whales sold $26 million worth of SOL tokens while founder Anatoly Yakovenko failed to improve the situation through his comparisons of U.S. bonds to the MicroStrategy financial problems.
Related Instrument
