OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD pressuring daily highs in the 1.6020 area - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes the mild positive tone in GBP/USD on Thursday, as the pair is rising towards the 1.6020 daily high.

Key quotes

"Indicators are aiming higher around their midlines, and 20 SMA maintaining its bullish slope below current price."

"In the 4 hours chart indicators had been unable to recoup above their midlines, but had erased all of their oversold readings reached late last week, while 20 SMA maintains a bearish slope."

"A daily descendant trend line coming from 1.6523 stands today at 1.6115 and it will take a steady advance above it to confirm an interim bottom in the pair."

WTI Crude recovers from a 28-month low ahead of supply data

WTI Crude prices have recovered ahead of the weekly supply data due for release later in the day. Prices had dropped to a lowest level in 28 months earlier today.
Read more Previous

EUR/JPY recovers from 2014 low

EUR/JPY managed to recover a full cent over the last hours as profit taking lifted the pair after hitting a fresh 2014 low during the European trade.
Read more Next
Start livechat