After reaching 6-month high at 1.5945 and rejecting to levels around 1.5850, Cable has risen to take place above 1.5900 again. The pair has risen around 75 pips from 1.5850 to 1.5925, Currently Cable is trading around 1.5915/25, 0.20% above today's opening price.
GBP/USD is trading its fifth consecutive positive day after trading in Monday low at 1.5115 to win 850 pips to reach fresh 6-month high at 1.5945. The current week the Sterling is gaining almost 5.0% against Greenback from 1.5170 Monday opening to the current 1.5910.
Uptrend in cable could be focusing in 1.60 zone: "Bullish momentum continues slowly addressing to the key 1.60 zone. Hourly indicators suggest more upside bias in the pair, while price remains well bid above 20 SMA. Expected acceleration above 1.5950. Support levels: 1.5890 1.5840 1. 5770. Resistance levels: 1.5950 1.6000 1.6030."
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