Master your mind. Master Trading.
-
GBP/USD bulls run into a wall of critical resistance
GBP/USD has been whipsawed on Tuesday in a day that ran through a vast territory for a fresh high for the week so far at 1.1489 from a low of 1.1280. The US dollar was hit hard on the back of poor JOLTS data that has accompanied weak Manufacturing data and prospects of a less hawkish Federal Reserve. The bears are out to get the greenback and have pushed the pound towards extremes as per the longer-term charts in what has been a very strong bullish correction over the past two weeks from record lows. The dollar slid against major currencies and along with yields, it would appear to reflect the market participants' ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Oct 4, 2022 3:46pm Oct 4, 2022 3:46pm
- KareemAliFx
- Joined Oct 2019 | Status: Member | 211 Comments
- Comment #2
- Quote
- Oct 5, 2022 12:35am Oct 5, 2022 12:35am
- traderathome
- Joined Mar 2008 | Status: PVSRA with Traderathome | 1621 Comments
- Comment #3
- Quote
- Oct 5, 2022 1:21am Oct 5, 2022 1:21am
- Guest
- | IP XXXX:2a39:4ea3