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Another GBP/USD rebound delivers a move above technical resistance
Yesterday an update here noted how the GBP/USD rebound to 1.2550 on Wednesday had stalled exactly on its 200 day moving average. The rejection of that level at the first time of asking had been followed by a drop back to a low at 1.2472 ahead of the 4pm London Fix yesterday. However, since then the GBP/USD has been on the rebound again and it closed in the US last night at 1.2534. The pound has extended that rebound today and it has now risen above that noted 200 day moving average (now in place at 1.2549). The high set a short while ago was at 1.2557. It is just now trading at 1.2554
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It is looking like another record close for the DAX today
As the European close draws nearer this afternoon, it is again the DAX that is shining the most. The index has not long ago pushed to set another all...
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Gold edges lower towards a test of trend line support at $2,637
Earlier today an update here noted the levels in gold, with the 50 day moving average capping the topside above $2,668 and an upward trend line coming...
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EUR/USD pushing closer to 1.06 this afternoon
The noted break above the 1.0550 level in the EUR/USD this afternoon has now delivered further upside. At the same time the GBP/USD has done as...
