$GBPUSD Forecast: Pound stays vulnerable as Russia closes in on Kyiv by eren_fxstreet forex trading
British pound
The latest headlines suggest that Russia is preparing to make a move toward Kyiv. A Russian attempt to overthrow the Ukrainian government could further weigh on sentiment and cause GBP/USD to stay on the back foot. Meanwhile, Russia announced that it banned UK-registered airplanes from landing or crossing its airspace in retaliation to the UK sanctions, pointing to further escalation of geopolitical tensions.
In short, a significant positive shift risk sentiment is unlikely to be witnessed in the short-term and GBP/USD recovery attempts should remain as technical corrections.Following Thursday's action, static support seems to have formed at 1.3360. In case buyers give up on this level, the pair could extend its slide toward 1.3300 and 1.3280 . Meanwhile, the near-term bearish bias is confirmed by the Relative Strength Index indicator on the four-hour chart, which remains well below 50.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD capped just ahead of 1.34 the figure as Kyiv comes underfireThere are explosions in Kyiv being reported which is hurting risk sentiment in Asia. nevertheless, GBP/USD is still higher by some 0.15% but is strugg
Read more »
Europe braces for further strife as Ukraine crisis escalatesRussia began evacuating its embassy in Kyiv, and Ukraine urged its citizens to leave Russia
Read more »
Russia evacuating embassy in Ukraine as crisis escalatesRussia began evacuating its embassy in Kyiv, and Ukraine urged its citizens to leave Russia
Read more »
Russia evacuates embassy in Ukraine as crisis escalatesRussia began evacuating its embassy in Kyiv, and Ukraine urged its citizens to leave Russia
Read more »
Euro Forecast: EUR/USD Gains Facing Russian and USD Month End RisksEUR/USD continues to hold onto the 1.13 handle with the recent break below failing to inspire in much the way of a follow through. Get your market update from JMcQueenFX here:
Read more »
GBP/USD Price Analysis: Seems vulnerable near multi-week low, just above mid-1.3400sGBP/USD Price Analysis: Seems vulnerable near multi-week low, just above mid-1.3400s By HareshMenghani GBPUSD RiskAversion Technical Analysis Majors Currencies
Read more »