GBP/USD has been on a tear as it pulls away from the start of the day’s trapped shorts that were seeking a break below 1.2050 for the initial balance for the week. At the time of writing, GBP/USD is trading at 1.2140 and up 0.8% on the day. Read More…
The GBP/USD pair builds on its goodish intraday bounce from the 1.2030 area, or a multi-day low touched earlier this Monday and scales higher through the mid-European session. Spot prices climb back above the 1.2100 mark in the last hour and reverse a major part of Friday’s downfall amid the emergence of some US Dollar selling. Read More…
The GBP/USD pair edges lower for the second straight day on Monday and remains on the defensive through the first half of the European session. The pair is currently placed near the mid-1.2000s, just a few pips above the daily low, and seems vulnerable to extending last week’s retracement slide from the vicinity of the 1.2200 mark. Read More…
