Cable keeps at three-week highs around 1.2400 amid weaker dollar

GBP/USD continues to look perky to start the week See here for global coronavirus case data The pair touched a high of 1.2426 earlier in the session, testing the 61.8 retracement level of its recent downswing last month, before retreating a little amid the China trade report. The dollar pared some losses on that in […]

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Cable extends fall towards 1.2400 as sellers look to seize near-term control

The pound is the weakest performing major currency so far today Cable is hitting fresh lows on the session, down to 1.2409 as sellers are gathering momentum to chase a break under the 200-hour MA (blue line) @ 1.2430. Price is starting to move closer to the 1.2400 handle now with the 61.8 retracement level […]

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