GBP/USD comments:• Anna Coulling: GBP USD running into deep resistance at USD1.60 & above & may begin to stall.
• Dr. Sivaraman: It is expected to make upward shift in trading zone many times during this quarter.
• ecPulse.com: A daily closing above 1.5996 or the psychological levels of 1.6000 confirm monthly and quarterly trend.
• Ian Coleman: Post a new high at 16024 that should be enough to complete C wave. Next wave is down.
• Ilian Yotov: The GBP is taking advantage of the broad USD sell-off, but if the Bank of England stands as the next central bank in line to offer quantitative easing stimulus, the GBP could have a deja-vu experience with 2009-style weakness.
• Yohay Elam: Austerity, unemployment and QE weigh on the pound.
• Valeria Bednarik: Pound remains overall weak, due to self macro dissapointing data. Despite dollar weakness, the upside remains strongly limited.
• Dr. Sivaraman: It is expected to make upward shift in trading zone many times during this quarter.
• ecPulse.com: A daily closing above 1.5996 or the psychological levels of 1.6000 confirm monthly and quarterly trend.
• Ian Coleman: Post a new high at 16024 that should be enough to complete C wave. Next wave is down.
• Ilian Yotov: The GBP is taking advantage of the broad USD sell-off, but if the Bank of England stands as the next central bank in line to offer quantitative easing stimulus, the GBP could have a deja-vu experience with 2009-style weakness.
• Yohay Elam: Austerity, unemployment and QE weigh on the pound.
• Valeria Bednarik: Pound remains overall weak, due to self macro dissapointing data. Despite dollar weakness, the upside remains strongly limited.
Key:
• Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
• Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
• Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance.
• Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
• Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
• Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance.
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