Thursday , 7 November 2024
Home Forex GBPUSD trades to a new low and with it, a cluster of support targets
Forex

GBPUSD trades to a new low and with it, a cluster of support targets

The GBPUSD has traded to a new low and with it is testing a cluster of support targets. Those levels come between 1.2845 to 1.2860. The low just reached 1.2852.

Move below and the break higher this week starts to break down more. Find the buyers here, and its a good place to base and restart the move higher going into the new trading day.

This article was written by Greg Michalowski at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Japan’s Top FX Diplomat Mimura: Closely watching FX moves with a high sense of urgency

Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign...

China state banks seen selling USD/CNY – intervention to slow yuan drop

They did the same yesterday. They won't stop a rampant US dollar,...

Australian Dollar remains tepid following a lower Trade Balance, Trump’s victory

The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for...

Trump Victory Implications: Market Outlook and Sector Analysis

Abrdn plc (formerly Standard Life Aberdeen plc) is a United Kingdom-based investment...