Pound Sterling Price News and Forecast #GBP #USD Off intraday top under 1.2600, short term triangle in focus
http://ntvforex.com/news/?id=ec68b7. . 1 minutes ago . By NTVForex Team . . . #GBP #USD Price Analysis Off intraday top under 1.2600, short term triangle in focus . #GBP #USD recedes to 1.2562 amid the initial Asian trading on Monday. The Cable eases from 1.2572 in its latest downside while keeping a four day old triangle pattern . Even so, the pair s failures to refresh the monthly high of 1.2670, coupled with the lower highs since then, keep the sellers hopeful. . Hence, the bears can target a 200 bar SMA level of 1.2533 ahead of confronting the triangle s support of 1.2518. Though, any clear break below the same will not refrain from attacking 50% Fibonacci retracement level of June 29 to July 09 upside, at 1.2460. . Read More . . . #GBP #USD Forecast Brexit and negative rates weigh on Sterling . The #GBP #USD pair has been trading choppy throughout all the previous week, ending it with modest losses in the 1.2560 price zone . Speculative interest remains away from Sterling amid the lack of progress in Brexit talks and rising prospects of negative interest rates from the BOE. On Friday, Governor Bailey said that the situation in financial markets indicate interest rates will stay very low, adding that there s a legitimate concern about what policymakers can do with QE once things get back to normal. . Read More . .

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