GBP/USD to extend its slide, 1.3530 aligns as the next target on the downs.

GBP/USD has come under renewed bearish pressure on Friday. Disappointing UK data and failure of 1.3600 support points to further losses, FXStreet’s Eren Sengezer reports.Next support for the pair aligns at 1.3530.“The UK’s Office for National Statistics reported that Retail Sales in December declined by 3.7% on a monthly basis. This print missed the market expectation for a decrease of 0.6% by a wide margin.”“On the downside, 1.3530 (Fibonacci 38.2% retracement of the one-month-old uptrend) could be seen as the next bearish target ahead of 1.3500 (psychological level).”“Resistances are located at 1.3600 (psychological level, Fibonacci 23.6% retracement, 100-period SMA) and 1.3650 (50-period SMA, static level).”

GBP/USD News .Gold extends downward correction toward $1,830.Gold extends downward correction toward $1,830.Gold stays on the back foot and extends its downward correction toward $1,830 on Friday after advancing to the $1,850 area on Thursday. The benchmark 10-year US Treasury bond yield stays in the negative territory, limiting XAU/USD’s downside for the time being. 

Leave a Comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s