GBP/USD Static Trading

GBP/USD static trading:

 The GBP/USD foreign exchange rate has been trading sideways Thursday in the afternoon of US trading, amidst muted trading due to the July 4 holiday.

GBP/USD trading at support

In recent minutes, the GBP/USD is entrenched in negative territory, still down -1.29% off its opening and settling 1.5080. The Mataf.net analyst team has identified supports at 1.5059, ahead of 1.4989. 

GBP/USD negative expectations

According to the Technical Analyst Team at ICN.com, “The GBP/USD dropped failing our positive expectations by stabilizing below 1.5165 which is considered negative, we also see the pair currently trading around the bullish key support level that held the pair’s trading from bottom at 1.4833. Prolonged stability below 1.5165 is negative forcing us to favor extending the downside move today and the upcoming period.”