Economists at the Bank of America Global Research discusses GBP/USD seasonal outlook. They believe that strong April seasonals may result in cable rallying to upper end of channel at 1.35.
Scope for a rally in April
“The markets showed support for price at 1.30 in March and we presume this is a level buyers may defend until something fundamental/macro changes to weaken GBP.”
“Since 1999 in April, GBP/USD is up 78% of the time, in May is down 78% of the time and in June up 61% of the time.”
"We consider long GBP/USD on a March month-end dip while still above 1.30 support. The top of the channel in April is at 1.35."
See: GBP/USD is nearing the exhaustion of this decline – DBS Bank
作者：FXStreet Insights Team，文章来源FXStreet_id，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.ceo
加载失败()