Market Info
Pound currency continued to be depressed, after Mark Carney's (BoE Governor) Statement saying it will not focus too much on the implementation of rate hikes, further undermining expectations of the BoE Rate Hike. May is expected to be the worst month for the Pound's currency performance. Nevertheless, Bank of America Merrill Lynch noted, for the long term Pounds could still rise higher.
Analysis of GBP / USD
Below is a technical analysis of GBP / USD compiled at Timeframe M30 with a rang pattern
The method of analysis used is the detection of the range of movement of GBP / USD currency pair, based on High Low previous price.
Range Market: 1.3860 - 1.4017.
