The GBP/USD extends its advance to levels not seen since mid May, reaching so far 1.5871 and holding near the level as dollar is being punished across the board. Market players are pricing in more QE3 as soon as September, with eyes now on US’ Jackson Hole meeting. Gold leads the way having added over $15 in the last minutes and reaching also a 3-month high at $1652/oz.
The GPB/USD holds near mentioned high, aiming to test the 1.5900 figure immediate resistance, ahead of May 17th daily high at 1.5931. Supports for the short term are located at 1.5810, 1.5770 and the 1.5730/40 price zone.
Source : fxstreet.com
Forex News, Forex Updates
The GPB/USD holds near mentioned high, aiming to test the 1.5900 figure immediate resistance, ahead of May 17th daily high at 1.5931. Supports for the short term are located at 1.5810, 1.5770 and the 1.5730/40 price zone.
Source : fxstreet.com
Forex News, Forex Updates
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