Remains vulnerable to slide further

Remains vulnerable to slide further

2021-07-21

  A modest USD profit-taking assisted GBP/USD to reverse an intraday dip to sub-1.3600 levels. Acceptance below 200-day SMA might have already set the stage for a further near-term decline. Any attempted recovery move is more likely to remain capped near the 1.3700 round-figure mark. The GBP/USD pair once againRead More →

GBP/USD renews multi-month highs above 1.4150

GBP/USD renews multi-month highs above 1.4150

2021-05-10

  GBP/USD touched its highest level since late February at 1.4158. US Dollar Index stays in the negative territory on Monday. Focus shifts to first-quarter GDP report from the UK on Wednesday. The GBP/USD pair registered strong gains in the second half of the previous week and preserved its bullishRead More →