Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

GBP/USD retreats half-cent+ from 1.5710, profit-taking on longs weighs

  • Cable retreats half-cent+ from 1.5710, deflated by profit-taking on GBP longs 

  • Support now lies at 1.5624 (200DMA). 1.5621 was Dec 31 high

  • 1.5710 = London am high after UK data beat, 1.5558 = pre-data low

  • 1.5393 = Monday low. 1.5165 = May 7 low, amid UK election uncertainty

  • UK election fog cleared on May 8 courtesy of unexpected Tory majority

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.