OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD jumps to 6-day highs

FXStreet (Córdoba) - GBP/USD spiked to fresh daily highs at the beginning of the American session in a bout of dollar selling following disappointing US economic data.

GBP/USD rallied nearly 40 pips in a matter of minutes and printed a 6-day high of 1.6146 before easing slightly. At time of writing, Cable is trading at 1.6135, recording a 0.31% gain on the day.

US data showed US pending home sales grew 0.3% in September versus a 0.5% gain expected, while Dallas Fed manufacturing business index fell short of expectations at 10.3 in October.

GBP/USD technical levels

In terms of technical levels, immediate resistances are seen at 1.6183 (Oct 21 high) and 1.6200 (psychological level) and 1.6225 (Oct 9 high). On the other hand, supports could be found at 1.6079 (intraday low), 1.6066 (10-day SMA) and 1.6015 (Oct 24 low).

USD/JPY extends fall amid weak data and lower US yields

The US dollar is trading under pressure amid weaker than expected housing and PMI services data in the United States as well as lower US yields. The USD/JPY is extending declines to 107.60 area after breaking previous lows of 107.70.
Read more Previous

Gold edges lower while the DJIA recovers

Gold has edged slightly lower tracking the recovery in the US and the European equity markets.
Read more Next
Start livechat