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Cable buyers continue to prove their mettle for now

Cable buyers continue to prove their mettle for now

Even if markets may be struggling to find much conviction to start the new week, the technicals are always your best guide in trying to make sense of things. In the case of GBP/USD, it is proving to be the case as price moved towards testing the confluence of its 100 (red line) and 200-day (blue line) moving averages on Friday and yesterday, before bouncing higher.

The pair is now trading back above 1.2000 but essen... Read More

Posted: Feb 28 2023, 05:35
Author Name: forexlive
Views: 082218

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