logo |

Forum

    Your location: Home >  Forum  >  Market analysis  >  Content details
    Singapore
    Market analysis GBP/USD Outlook (09 April 2020)

    Related product:Others
    Market analysis:Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across.
    The UK GDP m/m data (Forecast: 0.1%, Previous: 0.0%) will be released later at 1400 (SGT). It is forecasted that the UK economy grew by 0.1% in March.
    If the released data is better than or as forecasted, GBP may strengthen.
    UK banks will be closed tomorrow in observance of Good Friday. Lower trading volume and volatility is expected during the London session.
    GBP/USD’s next support level is at 1.22400 and the next resistance level is at 1.25500.

    Write your question...
    Please sign in first Sign up/in to comment
    0 Comments

    There is no comment yet. Make the first one.

    Jin_Forex
    Trader

    Successfully published

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.