AceTraderFx Jan 18: Intra-day Market Moving News and Views GBP/USD
Intra-Day Market Moving News and Views
18 Jan 2016 03:13GMT
GBP/USD - ...... The British pound has finally gained some respite after intra-day re-test of last Friday's fresh 5-1/2 year trough at 1.4251, however, failure to penetrate this level triggered short-covering n cable recovered to 1.4275 ahead of Asian open, helped also by cross-buying of sterling vs euro.
Offers are now raised to 1.4290/00 and more above at 1.4310/20 with stops building up above there whilst initial bids are noted at 1.4240/50, suggesting selling on pullback for a resumption of recent downtrend is still favored.
Intra-Day Market Moving News and Views
18 Jan 2016 03:13GMT
GBP/USD - ...... The British pound has finally gained some respite after intra-day re-test of last Friday's fresh 5-1/2 year trough at 1.4251, however, failure to penetrate this level triggered short-covering n cable recovered to 1.4275 ahead of Asian open, helped also by cross-buying of sterling vs euro.
Offers are now raised to 1.4290/00 and more above at 1.4310/20 with stops building up above there whilst initial bids are noted at 1.4240/50, suggesting selling on pullback for a resumption of recent downtrend is still favored.