The Pound
versus the Dollar moved a little bit more than 100 pips during today’s session
from the 1.5700 area to the 1.5800 level. The consumer sentiment out of the US
came out worse than expected and that is why the US Dollar lost ground versus
its main counterparts. The GBP/USD gains a bullish momentum and reaches the
1.5800 level, which it tried to break, but then it came back down. Those round
number levels could act very well as support or resistance zones and that is
why we should watch out for the visits at those levels.
This 15´ movement is very interesting!
ReplyDeleteGood point! I'll keep an eye on it.
ReplyDeleteI think it will eventually break above 1.5800.
ReplyDeleteNice rally.
ReplyDeleteThanks for the analysis I will keep an eye on the price.
ReplyDeleteExcellent analysis, thank you.
ReplyDeleteGood assessement
ReplyDeleteI will keep eyes on this pair, good assessment.
ReplyDeleteLet's see how this rally will continue.
ReplyDelete