GBP/USD: Consolidating; 1.128-1.30 Range To Hold For Now – TD

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Here is their view, courtesy of eFXdata:

TD Research discusses GBP/USD outlook and expects the pair to hold its 1.28-1.30 range in the very near-term.

“For the G10, much of the attention this morning falls to GBP. It has consolidated a bit near the bottom end of the 1.28/1.30 range, which we think holds for now,” TD notes.

The next big move in 2020 is up rather than down, but the election will be critical for this view. GBP is likely to remain tied to the polls, with many focused on updated results expected today,” TD adds.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.