GBPUSD: Should I Buy or Sell?
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Hello traders!
GBP/USD extended losses to 1.3300 during European trading hours on Tuesday after failing to hold gains above the 1.3385 support level on the high-level rising wedge. However, Fed Chair Powell’s less dovish comments and cautious sentiment kept the US dollar supported ahead of the US ISM manufacturing PMI, JOLTS job openings and Fedsepak. The current bearish correction looks far from over.
The first support zone to watch is 1.3321, followed by the previous support around 1.3170.
GBP/USD extended losses to 1.3300 during European trading hours on Tuesday after failing to hold gains above the 1.3385 support level on the high-level rising wedge. However, Fed Chair Powell’s less dovish comments and cautious sentiment kept the US dollar supported ahead of the US ISM manufacturing PMI, JOLTS job openings and Fedsepak. The current bearish correction looks far from over.
The first support zone to watch is 1.3321, followed by the previous support around 1.3170.
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