Cable hit new 2023 high on Tuesday on fresh bullish acceleration which extends into the second consecutive day. Sterling received fresh support from weaker than expected US producer prices in May, which showed the smallest annual increase in 2 ½ years, adding to expectations that the Fed will stay on hold in June meeting which […]
The post GBP/USD Outlook: Cable Hits New 2023 High appeared first on Action Forex.
Daily Pivots: (S1) 1.4325; (P) 1.4367; (R1) 1.4392; More… Intraday bias in USD/CAD stays neutral as range trading continues. Break of 1.4279 support will bring deeper correction. But downside should be contained by 55 D Read more…
Daily Pivots: (S1) 0.6171; (P) 0.6189; (R1) 0.6213; More… Intraday bias in AUD/USD remains neutral as consolidations continue above 0.6130. Further decline is expected as long as 0.6310 resistance holds. Break of 0.6130 will resume Read more…
Daily Pivots: (S1) 1.0261; (P) 1.0286; (R1) 1.0333; More… Intraday bias in EUR/USD remains neutral as consolidations continue above 1.0176. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 1.0435 Read more…