Cable gets a fresh boost through the London fix

0 2

Fixing demand lifts cable to a two-week high

It’s been a one-way trip for GBP/USD this week and that’s continuing into Friday’s London fix.

The August 10 high is 1.3888 but that’s not a particularly notable level. Greg highlighted 1.3877 as a potential area of resistance.

On the downside, the 200dma is now support at 1.3809. The 100dma is up at 1.3918.

Invest in yourself. See our forex education hub.

Source link

Leave A Reply

Your email address will not be published.