Cable bounces as price action ping pongs between key near-term levels

Sterling gets a lift as EUR/GBP falls by 0.5% to 0.9050 The low for cable hit 1.2993 earlier and buyers defended the 1.3000 handle as well as the 200-hour MA (blue line) in general, before seeing price action bounce to 1.3050 levels. This comes as EUR/GBP is sliding to a fresh session low of 0.9050 […]

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USD/CHF ping pong continues, near-term price action back in focus now

USD/CHF still largely trading between 0.9600 and 0.9800 since April See here for global coronavirus case data With the dollar keeping weaker and the SNB also intervening strongly to limit the franc strength, the pair has somewhat been respecting key technical levels rather well recently. Any upside move appears to fall short of firmly breaking […]

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