After trading in a small range between 1.5060 and 1.5100 in the last three hours, Cable has fallen around 65 pips from 1.5095 to 1.5030. Currently the pair is trading around 1.5045/55.
"The pound seems to be continuing its now seven day uptrend against the dollar and is currently trading at 1.5080, about to attack resistance at 1.5150. We see that level being reached today, but not broken. A consolidation is in the cards then, between that higher mark and 1.5060 on the downside."
Popular Posts
-
The Yen rose against major currencies for second day in a row against European currencies. USD/JPY fell for third consecutive day. Today rea...
-
The U.S. dollar continued to gain today after the yesterday’s rather significant rally as the speculations that the world’s biggest economy ...
-
The Gross Domestic Product (GDP) - The sum of goods and services produced by domestic or foreign companies. Industrial Production - A measu... -
This Forex trading order is executed only when the previous order is also executed. This way you can work on other currency orders and not ... -
Forex trading sites offer different account types. Make sure you find the right trading site , and then the job of selecting the account ty... -
The Euro has appreciated somewhat from 1.2450 low seen in early March to reach levels around 1.3300 on the first days of May, a trend which,...
-
Gross Domestic Product (GDP) – This measures the total market value of all goods and services that companies make within the country. This ...
No comments:
Post a Comment