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GBPUSD moves back above technical levels as USD falls. Back above key swing area.
The GBPUSD has snapped back to the upside after tamer core PCE data. The move to the upside comes after the pair tested a swing area going back to June 12 – 14 (see green number circles) and the swing low from Wednesday's trade at 1.2599. Recall yesterday, the price also tested that level then fell below but quickly rebounded. The low price today reached 1.25985.The move to the upside was given a boost after the core PCE data in the US today came a touch lower than expectations at 4.6% versus 4...
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Posted: Jun 30 2023, 14:17
Author Name: forexlive
Views: 081034