OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: GBP/USD makes new high after US CPI

FXstreet.com (Córdoba) - The Cable extended its advance to fresh daily highs after data showed US consumer prices rose slightly more than expected in February, while the NY manufacturing index slipped in March.

GBP/USD rose to a fresh 10-day high of 1.5175 after the data although the boost was shy. At time of writing, GBP/USD is trading around 1.5165, still recording a 0.6% gain on Friday, after staging a 200-pip rally.

As for technical levels, next resistances are seen at 1.5200 (high Mar 5) followed by 1.5223 (high Feb 28) and 1.5300. On the downside, supports could be found at 1.5070 (intraday low), 1.5015 (10-day SMA) and then 1.5000 (psychological level).

Forex: USD/JPY falls back to the 96.00 support

The market has been already testing the 96.00 mark since earlier in the day, while being limited at 96.25 area on the upside. The publication of US Consumer Price Index in February triggered a move back to the psychological level, keeping the price below the flat level of 96.11.
Read more Previous

US Total Net TIC Flows up to $110.9B in Jan from $22.2B in Dec

Read more Next
Start livechat