GBP/USD: Staying Structurally Bullish Targeting A Break Above 1.40 – BTMU

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GBP/USD had a positive end to 2017, but that was mainly thanks to the weakness of the British pound. Can Sterling find its own footing and rise to higher ground? The team at BTMU is quite bullish.

Here is their view, courtesy of eFXnews:

BTMU FX Strategy Research discusses GBP outlook and maintains a structural bullish bias on cable targeting a break above 1.40 over the coming months.

“We remain GBP bulls and continue to expect GBP/USD to break above the 1.4000 level.

As always the course of Brexit negotiations will be important and in that sense developments in the coming weeks will be important given we expect a transition deal to be struck quickly,” BTMU argues.

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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 a 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.

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