Breaking News: Sterling Surges to Weekly High – 1.3000 Up Next - Forex News by FX Leaders

Breaking News: Sterling Surges to Weekly High – 1.3000 Up Next

Posted Tuesday, April 30, 2019 by
Arslan Butt • 1 min read

What a massive move in GBP/USD! And what’s more surprising is that there’s no direct fundamental behind it. GBP/USD has soared over 30 pips in no time, and now it’s likely to test a psychological support area of 1.3000.

The closing of candle below this level can trigger a sharp sell-off now. The pair can gain support around 1.2950 and 1.29250. While the violation of 1.300 can lead the Cable towards 1.3050.

Let’s keep an eye!

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments