OctaFX | OctaFX Forex Broker
Open trading account
Back

Flash: GBP/USD sees potential for downside stretch - Societe Generale

FXstreet.com (Barcelona) - Societe Generale analysts believe that a decisive daily close below for 1.5015 for GBP/USD, would stretch the correction to 1.4830/70.

They note that the pair hit the two year descending channel support at 1.4870 and started to retrace the steep correction of January to March. They write, “1.5590/1.5603 remains a strong resistance, break above which would take the pair to 1.5790. For the day, a decisive daily close below 1.5015 would stretch the correction to the March lows of 1.4830/70.”

Flash: GBP/USD has reached the 1.5035/28 target zone – Commerzbank

GBP/USD has reached the 1.5035/28 target zone, made up of the April and the 20th of March lows.
Read more Previous

USD/JPY dips below 101.00

The dollar extended losses versus the yen at the beginning of the New York session, and recently fell below the 101.00 mark, despite encouraging US durable goods orders data.
Read more Next
Start livechat