According to Fxempire.com, the 1.40 level underneath should be a massive “floor” in this market, and I think that if we were to break down below there it would be a very negative turn of events, but keep in mind that this is more than likely going to move with the hopes and fears when it comes to trading talks between the United States and China.
Last modified on Sunday, 24 June 2018GBP/USD Daily Forecast - 11 April
- Wednesday, Apr 11 2018
The British pound has rallied a bit during the trading session on Tuesday, reaching towards the 1.4175 level. The market looks likely to continue to be very noisy, but keep in mind that this market is likely to continue to see a lot of choppiness and reaction to the overall risk appetite of traders.