Cable hits new 29-month low on Monday, in extension of bearish acceleration in past three weeks, a part of larger downtrend. The pound remains under strong pressure on risk aversion, driven by growing economic and geopolitical tensions that continues to lift dollar. Today’s top event will be appointment of the UK’s new prime minister, with […]
The post GBP/USD: Pound Remains in Red ahead of Appointment of Britain’s New Prime Minister appeared first on Action Forex.
In an interview with Helsingin Sanomat, ECB Vice President Luis de Guindos acknowledged the shifting priorities of the ECB as inflation continues to decline. Inflation is expected to return to the medium-term target of 2% Read more…
Daily Pivots: (S1) 193.16; (P) 193.89; (R1) 194.51; More… No change in GBP/JPY’s outlook and intraday bias stays on the downside. Corrective rise from 180.00 could have completed with three waves up to 199.79. Deeper Read more…
Daily Pivots: (S1) 161.17; (P) 161.64; (R1) 162.30; More…. Further decline is expected in EUR/JPY with 163.19 support turned resistance intact. Corrective rebound from 154.40 could have completed with three waves up to 166.67. Deeper Read more…