SYFX

Cable fall back under 1.3100 puts sellers slightly in near-term control for now

Published On: August 20, 2020

Summary

By sueyangfx.com August 20, 2020 at 09:06AM GBP/USD saw a dramatic drop in trading yesterday, falling from a high of 1.3267 to 1.3100 and is holding just under there for now The turnaround in the dollar yesterday hit cable rather […]

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By sueyangfx.com

August 20, 2020 at 09:06AM

GBP/USD saw a dramatic drop in trading yesterday, falling from a high of 1.3267 to 1.3100 and is holding just under there for now
The turnaround in the dollar yesterday hit cable rather hard, as price action slumped from a high of 1.3267 – failing to test the 31 December high @ 1.3284 – to lows

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