GBPUSD declines on bear pressure with eyes on 1.2014 zone in the days ahead. Support lies at 1.2014/00 area with a break below that level turning attention to the 1.1950 level. Further down, support lies at the 1.1900 level where a violation will shift focus to the 1.1850 level...
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Markets appear muted as the US enjoys its Labor Day extended weekend. Indeed, the implementation of tariffs by both major economies definitely appears to be ignored by financial markets, which are trading in positive territory...
The US is closed today for Labor Day, following last Friday's cautious finish. The key headlines driving markets are that the US imposed a 15% tariff on $110bn of China imports on Sunday with another bunch of $160bn to be unleashed 15th December...
Pivot (invalidation): 11985.00 Our preference Short positions below 11985.00 with targets at 11840.00 & 11760.00 in extension. Alternative scenario...