- Analytics
- News and Tools
- Market News
- GBP/USD to head higher gradually towards projections of 1.3000 and 1.3100/1.3180 – SocGen
GBP/USD to head higher gradually towards projections of 1.3000 and 1.3100/1.3180 – SocGen
GBP/USD has embarked on an extended up move after defending the multi-month ascending support line near the 1.2300 level. Economists at Société Générale analyze the pair’s technical outlook.
Next objective seen at 1.3000
The GBP/USD pair is expected to head higher gradually towards projections of 1.3000 and 1.3100/1.3180.
High of May near 1.2670 is a short-term support. Only if this gets violated would there be risk of a short-term pullback.
See: GBP/USD set to move closer to the 1.30 level this year – MUFG
© 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
