OctaFX | OctaFX Forex Broker
Open trading account

Forex: GBP/USD hovering around 1.5300

FXstreet.com (Córdoba) - Even though the British pound managed to move higher versus the greenback on Tuesday, it failed to decisively break above the 1.5330 area and was confined to a range. GBP/USD has spent most of the day between 1.5270/1.5330, unable to define a fresh direction.

At time of writing, GBP/USD is trading around 1.5300/10, still up 0.2% on the day. From a technical perspective, "Immediate short term resistance in located at the 1.5340/60 area, and only steady gains above that level will signal an advance", says Valeria Bednarik, chief analyst at FXstreet.com.

Forex Flash: EUR crosses characterized by neutral intraday-term outlook – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.
Read more Previous

Forex: EUR/USD retreats from highs

After visiting the area around 1.3150/55 (100-day moving average), the single currency has now eased some ground to the current 1.3125/30 region....
Read more Next
Start livechat