OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD: Key-pivotal support 1.5854/1.5752 could be next - JPMorgan

FXStreet (Bali) - GBP is looking increasingly vulnerable against the US Dollar, notes Thomas Anthonj, FX Strategist at JP Morgan.

Key Quotes

"The failure of Cable to defend 1.6002 (50 % on big scale) illustrates this weakness and suggests that key-pivotal support between 1.5854 and 1.5752 could be tested next."

"Below, we'd even see 1.5374 (76.4 % on big scale) in focus. Only a break above 1.6317 (daily trend) would ease the down-pressure in favor of a stronger recovery to 1.6525/68 (pivot/int. 50 %)."

US CDC rules out Ebola threat at Boston's Logan Airport

US CDC is crossing the wires, via Reuters, noting that there was no Ebola threat reported at Boston’s Logan Airport. The US Dollar had been sold on the reports in the last hour of trading, and appears to now be making a bit of a comeback.
Read more Previous

AUD/USD consolidating with a weak tone

AUD/USD is trading at 0.8761, down -0.12% on the day, having posted a daily high at 0.8775 and low at 0.8757.
Read more Next
Start livechat