OctaFX | OctaFX Forex Broker
Open trading account

Forex: GBP/USD dips to 1.5360/65

FXstreet.com (Barcelona) - The sterling is rapidly depreciating against the greenback on Friday, falling from overnight highs in the vicinity of 1.5410 to the current region of 1.5360/65.

“Prices broke resistance above 1.5354, the 50% Fibonacci retracement, exposing the 61.8% level at 1.5478. A further push beyond that eyes the 76.4% Fib at 1.5631. The 1.5354 mark has been recast as near-term support, with a reversal back beneath that aiming for the 38.2% retracement at 1.5230”.

At the moment, the cross is down 0.12% at 1.5365 with the next support at 1.5319 (hourly low Apr.11) ahead of 1.5294 (low Apr. 10) and then 1.5255 (MA10d).
On the upside, a surpass of 1.5412 (high Apr.11) would expose 1.5426 (38.2% of Jan – Mar slide) and finally 1.5452 (high Feb.20).

Forex Flash: South Korea may hold rates - OCBC Bank

OCBC Bank Treasury analysts note that BoK Governor Kim indicated that the central bank may keep its interest rate steady for now.
Read more Previous

EU Feb Industrial Production w.d.a. (YoY) falls 3.1%; 0.4% (MoM)

Read more Next
Start livechat