Broker : Tickmill
Description : GBPUSD Daily Outlook – On Monday after hours, which basically was Tuesday morning during the Asian trading session, the RBA knocked the Aussie dollar off as it said even though the rates at a historic low, they could go lower if needed.
The Official Cash Rate was kept at its 0.75% record low.
On Tuesday’s London session we have the Euro-Zone ZEW Survey for February.
Today I’m looking at the GBP/USD pair which remains below the daily Ichimoku cloud and has recently completed its pullback. The future cloud is getting thicker on the bearish side. The highs have been getting lower in the past couple of months, so the technicals and the sentimentals are pointing to further drops potentially towards the key Fibonacci retracement levels at 1.29 and 1.274 respectively.
Tickmill is a trading name of Tickmill Ltd, a member of Tickmill Group, which is regulated by the Seychelles Financial Services Authority (FSA). Tickmill provides premium trading products and services with transparency and innovative technology. With a proven track record of strong financial results and stable growth, Tickmill has put itself in an enviable position as a trusted market leader and innovator.