OctaFX | OctaFX Forex Broker
Open trading account
Back

SEB: GBP/USD under 1.6162 would be bearish anew.- eFXnews

FXStreet (Łódź) - The eFXnews team note that SEB sees the GBP/USD short-, medium-term resistance in the 1.6525 pivot, in the form of an unorthodox 233day 'Kijun Sen.'

Key quotes

"Keep (this resistance) in mind and as long as not breaking back over 1.6416 is thought to mark a correctional high."

"To confirm this violation below 1.6162 is however needed."

"Current intraday stretches are located at 1.6175 & 1.6325."

'This content has been provided under specific arrangement with eFXnews.'

EMU: Unemployment Rate unchanged at 11.5% in August

The Eurozone unemployment rate remained steady at 11.5%, for the second running month in August. This result is in line with projections.
Read more Previous

EUR/GBP extends the drop below 0.7800

The weakness surrounding the euro is now dragging EUR/GBP to test levels around 0.7780, last seen in July 2012....
Read more Next
Start livechat