Skip to main content

GBP/USD edging back towards technical support

As the EUR/USD falls a little further below the 1.0800 handle that is adding downside pressure onto the GBP/USD, notwithstanding a corresponding fall in the EUR/GBP at the same time. The GBP/USD is now edging back towards the 1.26 handle again and hence closer to its 200 day moving average, which has been capping the downside all week so far. That is in place this morning at 1.2590. The GBP/USD closed last night at 1.2640. The low seen so far this morning has just been set at 1.2607. It is right now trading at 1.2607 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!