Asia FX muted but heads for Jan gains; dollar steadies with Fed chair in focus
Asia FX muted but heads for Jan gains; dollar steadies with Fed chair in focus
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GBP/USD outlook deteriorates, trading near 1.3350 after a four-week low on Thursday. UK inflation risks keep BoE hesitant on rapid easing. Strong US GDP and labor data bolster the dollar ahead of the PCE inflation report. The GBP/USD price is holding just above the 4-week lows marked on Thursday after stronger US data and mixed…
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GBP/USD Weekly Outlook – Action Forex
GBP/USD fell further to 1.3008 last week but recovered since then. Initial bias remains neutral this week first. Further decline is expected as long as 1.3247 support turned resistance holds. Break of 1.3008 will target 138.2% projection of 1.3787 to 1.3140 from 1.3725 at 1.2831). Nevertheless, firm break of 1.3247 will suggest that fall from…
