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Cable rises close to a one-week high

The US dollar has slacked off in the past hour and that's opened the door towards a fresh one-week high in cable. GBP/USD is just a couple pips shy of yesterday's high of 1.2225 and there could be some stops if it's broken.Even if it does break, I wouldn't expect fireworks with non-farm payrolls just over an hour away.As it stands, cable is on track for a third straight day of gains and fourth in the past five. In the bigger picture though, it's consolidating near six-month lows. The next leg is... Read More

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Cable

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One

Week

High

One week

Forex

Posted: Nov 3 2023, 11:01

Author Name: forexlive

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