GBP/USD Going through Resistance, FTSE Flat
GBP worth, FTSE information and evaluation:
- A downward sloping trendline on the GBP/USD chart continues to be hampering any potential upside transfer, whereas the FTSE 100 continues to commerce sideways.
- Optimistic financial knowledge are encouraging for ‘risk-on’ belongings however they’re being held again by the surge in coronavirus infections within the US.
GBP/USD testing resistance
Any potential upside for GBP/USD is once more being held again by resistance from a downward sloping trendline marking the higher boundary of a channel in place on the charts for the previous three weeks. Reinforcing that resistance is the 50-day transferring common, which at 1.2404 additionally stands simply above the present worth.
GBP/USD Value Chart, One-Hour Timeframe (June 3 – July 1, 2020)
Chart by IG (You possibly can click on on it for a bigger picture)
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