Tuesday, September 18, 2018

GBP/USD - 19 September 2018


Fundamental Highlights

The Pound rises slightly up as optimism related to Brexit remains in place. The pair was also able to rise at ease as it did not face any downward pressure from the greenback given that President Trump hasn't yet implemented his proposed tariffs on China. For today, investors will shift their eyes towards economic data from the U.K with the CPI being the headline figure to watch for.

Technical Analysis

Optimism surrounding Brexit continues to push the pair higher. Moreover, the pair is trending upwards on the 13-period moving average signaling bullish momentum. Depending on the outcome of the CPI figure from the U.K, the pair will either hit the 1.32000 mark or fall back down towards 1.30919.

Support: 1.30919 1.30389
Resistance: 1.32000 1.32500

Chart (H4)