The macroeconomic calendar for the week ahead will flourish
with colourful events.
The pound is still chased by the fear of further decline and
is about to start running back below the psychological level of $1.40.
GBP/USD is jumping around volatile frustration as the uncertainty enveloped Brexit obsess
the pound. But on the other side, the surprising dovishness by Fed has shattered
the US dollar and this trend most possibly
will remain in the next few days.
$1.40 - $1.4050 area is yet a key support zone and until up, some
upside movement is possible with target levels of $1.4150 and most likely $1.4240.
A break below this support might bring back the bears and the pair might rush
downwards to $1.3850.
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