ISE British Pound OUTLOOK
BPX (USD/GBP on ISE): USD rebound expected. Pivot: 60 Our forecast: Up move towards 63.10 & 65.50. Comment: The pair is rebounding on its strong support and has broken above its MT declining trend line, the RSI is on the upside. To leverage our Trend Opinion on the ISE British Pound currency rate we selected the following strategy. * Volatility Cones can be used to visualize current option implied volatility relative to historic volatilities at different maturity ranges.
Currency Majors Technical Perspective
EUR/USD Current price: 1.4054 Bearish in the hourly, pair is holding above 1.4040 static support zone, ahead of 1.4000 psychological level. With indicators suggesting more downside pressure, expect the rally to accelerate under that level. 4 hours indicators support the perspective also. Support levels: 1.4040 1.4000 1.3960 Resistance levels: 1.4090 1.4135 1.4170 GBP/USD Current price: 1.6388 Under selling pressure, pair seems unable to regain the 1.6420 zone. A descendant trend line, along