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GBP/USD still struggling for traction
Just as with the EUR/USD noted here earlier this morning, the GBP/USD has fallen victim to a stronger dollar so far this week and that has delivered another rejection of any further gains beyond the 1.34 handle. Yesterday the GBP/USD fell back to a low at 1.3237. That low was just above the current 21 day moving average, in place right now at 1.3233. The Pound closed in the US last night at 1.3286. Today it has fallen back from an earlier Asian session high, at 1.3296. The low seen so far has been set at 1.3261. So, 1.3233 remains a price point of interest on the downside and in terms of the topside, only a rebound back above 1.34 might address the current wave lower. The GBP/USD is currently trading at 1.3271
Market News
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USD/JPY on the drift lower again as markets wait nervously
Earlier this afternoon the USD/JPY dropped back below the 148 handle, basing out around 147.87. An attempt to rebound off that low has just now given... -
US stocks open in the red- check out the early price action in the Dow Jones
The US stock markets have just kicked off the new week and it has been a lower start to the day for the three major indexes. As noted here much... -
No sign of any rebound for the GBP/USD- Pound sets fresh session lows at 1.3060
The dollar was the best performing major currency on Friday and no wonder, because the US September Jobs data ensured a really positive weekly close...
