Cable jumps above 1.16 barrier on Friday, hitting the levels last traded on Aug 31, as dollar bulls started to lose steam, additionally deflated by intervention signals from Japan. Fresh advance was sparked by a profit-taking after sterling hit the lowest in 37 years on Wednesday, but the action was strongly rejected at this zone […]
The post GBP/USD: Cable Bounces to the Highest in Sep on Profit Taking, Weaker Dollar appeared first on Action Forex.
Markets Markets yesterday again showed some hefty swings as mutual attacks on energy installations by both Iran and Israel caused the market to further move to a scenario where higher energy prices and supply disruptions Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal After a long winter, who’s ready Read more…
Daily Pivots: (S1) 210.95; (P) 211.66; (R1) 212.51; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, firm break of 213.28 will resume the rebound from 207.20 to retest 214.98 high. Read more…