GBPUSD retests the 61.8% and bounces
Summary
By sueyangfx.com July 09, 2020 at 06:09PM GBPUSD bounces off the 61.8% The GBP was the strongest currency entering the New York session, but has was some ground as stock selling and USD buying took over. The high price today has reached 1.26664. […]
More On Forexlive RSS Breaking News Feed
- Eurozone June trade balance €12.4 billion vs €9.3 billion expected
- Eurozone June industrial production -0.3% vs -0.2% m/m expected
- Eurozone May trade balance €9.4 billion vs €7.9 billion expected
- Eurozone May industrial production -1.0% vs -0.3% m/m expected
- ECBs Knot: Ground for Euro area recovery getting firmer and firmer
July 09, 2020 at 06:09PM
GBPUSD bounces off the 61.8%
The GBP was the strongest currency entering the New York session, but has was some ground as stock selling and USD buying took over. The high price today has reached 1.26664. That was still about 20 pips short of the key 200 day moving average 1.26858. That moving average level remains a key upside