Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
GBP/USD rejects move above 1.2848 at the first attempt
Yesterday the reader was again reminded of a very important technical resistance level on the GBP/USD, at 1.2848. That was and still is the price point of the 200 week moving average, which has been capping the topside for the pound for almost a year. Well, it came very close to touching that price point yesterday. The GBP/USD topped out at 1.2846, but it has fallen back to just below 1.2800 earlier today. Hence, it is truly hoped; that information and observation helped you to benefit in some way. So, as you can see, such a level often attracts sellers to get in front of it and that is clearly what they did yesterday afternoon. The Pound closed last night at 1.2807 and the range so far today has been pretty tight, with 1.2799 to 1.2817 covering it thus far. There will be more to add on this one later today. The GBP/USD is currently trading at 1.2807
Market News
All News-
Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
