OctaFX | OctaFX Forex Broker
Sign in
Open account
Back

GBP/USD keeps risk to the downside - FXStreet

FXStreet (Bali) - GBP/USD keeps the risk to the downside, notes Valeria Bednarik, Chief Analyst at FXStreet.

Key Quotes

"The hourly chart shows indicators erased all of their oversold condition to settle around their midlines, while price is trapped around its 20 SMA, lacking a clear direction at the time being."

"In the 4 hours chart indicators turned back south after a limited upward correction still in oversold levels, which keeps the risk to the downside."

"A break below 1.6650 should signal a quick slide towards 1.6620 area, while a weekly close below 1.66 should see the pair extending its decline towards 1.6400/50 price zone."

Japan's FinMin: Watching econ data before deciding on sales tax hike

Japan finance minister Aso is crossing the wires, saying that they will closely watch economic data from July-September before deciding whether to raise sales tax next year.
Read more Previous

EUR/AUD: consolidating losses, heading for bearish weekly close

EUR/AUD is sidelined at 1.4335 level after three bearish days in a row; the current intraday range of the cross is limited by Asian high at 1.4346 and low at 1.4328.
Read more Next
Start livechat