OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: GBP/USD testing resistance at 1.5389/93

FXstreet.com (Barcelona) - The GBP/USD surged higher Thursday, en route to fresh session highs at the 1.5389/93 level during European trading. Having already ruptured resistance, the cross is now recording a steadfast advance of +0.38% above its opening.

According to the ICN.com technical analyst team, “The GBP’s attempts to the downside remained limited yesterday, yet we find it today trading slightly above Linear Regression Indicator 55 though failed to stable below it yesterday.”

After breaking above resistance at 1.5370, Mataf.net analysts identify the next corrective measure of resistance at 1.5397. Regarding a paring of gains, supports for the GBP/USD will trigger should the pair reach 1.5297, onto 1.5270,

European markets edge higher Thursday

European stock indices continued to rise Thursday –beginning with the indices and composites, the EURO STOXX 50 grew +0.27% as it settles in region of 2668.44, up +7.06 points in these moments. In addition, the FTSE 100 index is trading in positive territory, operating at 6348.79, advancing +22.94 points or +0.36% at the time of writing. Finally, the DAX broke slightly higher, oscillating in the zone of 7852.07, after a movement of +41.43 points and up +0.53%.
Read more Previous

Forex Flash: Australia on of losers from BoJ action - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that Australia has been one of the losers from Japan’s efforts to devalue the yen with the trade-weighted Australian dollar rising to a new post float record high as investors intensify the search for yield.
Read more Next
Start livechat