GBP/USD Heads For Test of 1.35, More Gains Ahead?

The EUR/USD consolidated between 1.1340 and 1.1290 while the GBP/USD headed for a test of 1.35 this morning. Sterling bulls will pay attention to a break above 1.3525 which could spur bullish momentum towards 1.36. A current support is however seen at 1.34.

Elsewhere, the DAX seems to be on its way toward 16400. As long as the index remains above 16150 and generally above 16000, we favor the upward trend.

In the crypto world we saw some corrective movements which were expected after the recent high levels in many cryptocurrencies. In the ETH/USD we look at a trading range between 4650 and 4000. If the pair drops below 3890, we may see a steeper decline toward 3600.

We wish you good trades!

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