The GBP/USD pair extends its sideways consolidative price move on Wednesday and remains confined in a familiar range held over the past week or so.
GBP/USD remains confined in a familiar range held over the past week or so. Traders opt to wait on the sidelines ahead of the release of the UK CPI report. The technical setup favors bears and supports prospects for further losses. Spot prices currently trade around the 1.3070-1.3075 region, nearly unchanged for the day, as traders opt to wait on the sidelines ahead of the UK consumer inflation figures.
3100 round figure is likely to act as an immediate hurdle ahead of the 1.3125 horizontal zone. A sustained strength beyond the latter might trigger a short-covering rally and allow the GBP/USD pair to aim to reclaim the 1.3200 mark. Spot prices could climb further towards the next relevant hurdle near the 1.3235-1.3240 region.
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پاکستان تازہ ترین خبریں, پاکستان عنوانات
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