OctaFX | OctaFX Forex Broker
Open trading account

Forex: GBP/USD in highs around 1.5360/65

FXstreet.com (Barcelona) - The pound keeps pushing higher on Friday, climbing to the area of 1.5360/65 and printing fresh intraday highs at the same time.

In the opinion of Derek Halpenny, Analyst at BTMU, next week’s release of the Q1 GDP figures in the UK economy would be key. “With the government and the IMF on a collision course over whether ‘Plan A’ remains appropriate for the UK, confirmation of another technical recession after the 0.3% contraction in Q4 would be very damaging for the government”, concluded Halpenny.

At the moment, GBP/USD is advancing 0.56% at 1.5365 and a surpass of 1.5370 (high Apr.17) would open the door to 1.5386 (high Apr.15) and then 1.5409 (high Apr.12).
On the flip side, a breakdown of 1.5249 (MA21d) would expose 1.5218 (low Apr.18) and finally 1.5217 (low Apr.17).

Forex: GBP/JPY explodes to 152.20/25

The GBP/JPY exploded today as fresh concerns over the yen have sparked an all out siege on the currency. In recent minutes the cross peaked at the 152.56 level (intraday maximum), before being checked by resistance. In these moments, the pair has eased back slightly to settle at 152.20/25, up a steadfast +1.49%.
Read more Previous

Forex: EUR/USD approaches 1.3100

The EUR/USD is benefiting from improved sentiment on Friday, as the G20/IMF meeting and the Italian Presidential election resume, and is just about to reach the 1.3100 mark as the European morning takes place.
Read more Next
Start livechat