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Dollar retraces its rise. GBPUSD trades to a new session high

Dollar retraces its rise. GBPUSD trades to a new session high

The USDs rise is being retraced as the stocks also rebound.

The GBPUSD is ticked to a new session high. The Asian session high reached one point to 297. The high price just ticked to 1.22992 just short of the 1.2300 natural resistance level. Yesterday the high price reached 1.23082.

Looking at the hourly chart, the price had been trying to stay below the floor at 1.22213. Once that level was broken, seller turned to buyers. The price moved higher.

On the move to the downsi... Read More

Posted: Dec 2 2022, 17:26
Author Name: forexlive
Views: 102293

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