- Analytics
- News and Tools
- Market News
- GBP/USD: December low is the key level to watch – Rabobank
GBP/USD: December low is the key level to watch – Rabobank
FXStreet notes that bullish bets on the sterling were trimmed to the lowest level so far this year. Strategists at Rabobank are keeping an eye on the December low at 1.2905.
“The market seems to be bracing for tough trade negotiations between the UK and the EU in the coming months.”
“The short-term technical bias has shifted to the downside after GBP/USD fell below the support area around 1.2950-1.30. The December low at 1.2905 is the key level to watch on the downside.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
