Daily analysis of GBP/USD for May 17, 2017

GBP/USD is hovering in a sideways range across the board, with a support found around the 1.2855 level. Overall, the path is not clear and one could expect another rally to test the 1.2957 level. While our outlook remains bullish, we can expect further downside only if the Cable manages to break below the 1.2855 […]

Daily analysis of GBP/USD for May 17, 2017

GBP/USD is hovering in a sideways range across the board, with a support found around the 1.2855 level. Overall, the path is not clear and one could expect another rally to test the 1.2957 level. While our outlook remains bullish, we can expect further downside only if the Cable manages to break below the 1.2855 […]