AceTraderFx Dec 21: Intra-Day News and Views GBP/USD
Intra-Day Market Moving News and Views
21 Dec 2016 10:05GMT
GBP/USD - 1.2341... Despite initial rebound from Asian low at 1.2367 to 1.2385 (Reuters), the British pound met renewed selling and tumbled to as low as 1.2324 in European morning.
However, failure to penetrate yesterday's 1-month trough at 1.2313 triggered short-covering n price rebounded to 1.2347.
Offers are now seen at 1.2380/90 n more above at 1.2400/10 with stops building up above there whilst initial bids are noted at 1.2290/00, suggesting further choppy trading would be seen ahead of New York open.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates
Intra-Day Market Moving News and Views
21 Dec 2016 10:05GMT
GBP/USD - 1.2341... Despite initial rebound from Asian low at 1.2367 to 1.2385 (Reuters), the British pound met renewed selling and tumbled to as low as 1.2324 in European morning.
However, failure to penetrate yesterday's 1-month trough at 1.2313 triggered short-covering n price rebounded to 1.2347.
Offers are now seen at 1.2380/90 n more above at 1.2400/10 with stops building up above there whilst initial bids are noted at 1.2290/00, suggesting further choppy trading would be seen ahead of New York open.
AceTrader - Best Intra-day Forex Trading Strategies
AceTrader has been in FX market since 1984, with proven analytical approach used by professionals and real-time updates