OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: GBP/USD holds support ahead of US session

FXstreet.com (Barcelona) - GBP/USD has help support above 1.5300 after declining overnight following soft Chinese economic data.

The pair made an early overnight session high at 1.5834, before declining sharply, and despite a small bounce, to 1.5340, the pair declined further, to post a low at 1.5303. The daily S2 level can be found at 1.5291, just below the psychologically round level, which has held support since last week. In the absence of any fundamental drivers during the morning economic calendar, eyes will be focus on the pending US session. Hourly MA´s are indicating a downside bias, and combined with a strong layer of support and little in the terms of momentum drivers, may see spot range. Hourly Stochastics are at 40 but moving without much conviction, while RSI is at 42 and flat.

Forex: EUR/GBP edges higher after finding support

EUR/GBP has had a whipsaw start to the week, opening overnight at 0.8538 and declining to post a daily low at 0.8514, before bouncing to 0.8541 and dipping to find support at 0.8521.
Read more Previous

Forex: GBP/JPY falls below 149.00 level

The GBP/JPY has been in a bit of a slump Monday, despite a failed attempt at the upside stalled at 150.43 earlier today during European trading. Since then however, the cross has edged lower to settle at 148.84/87 in these moments, down -0.55% thus far.
Read more Next
Start livechat