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The GBP/USD pair stands strong, as it retraces from the new seven-month highs of 1.3180. This came after polls revealed the Conservatives' lead. Cable had reportedly dropped last Friday in the middle of positive U.S. data.
Bulls can be kept happy in light of October highs near 1.3013 being the target and highs marked in May and April, close to 1.3180 and 1.3200. This despite being likely to enter below 1.3100.
Below is an overview of important levels:
Today last price 1.3146
Today Daily Change 5 pips
Today Daily Change % 0.04%
Today daily open 1.3141
Trends:
Daily SMA20 1.2938
Daily SMA50 1.2787
Daily SMA100 1.2526
Daily SMA200 1.2697
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
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