GBP/USD bounces off 1.6000

GBPUSD chart

The selling interest keeps hovering over the sterling on Thursday, with GBP/USD trading in the 1.6000/10 band so far. Spot dropped more than 50 pips in the wake of poor UK retail sales during September, surprising markets to the downside. The decline, however, seems to have found decent support...

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Valeria BednarikValeria Bednarik – Limited bounces after fresh lows among European currencies maintains the risk to the downside.

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Faysal Amin

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European Central Bank’s assetquality review and stresstest results are scheduled for release on Sunday.

Slobodan Drvenica

Euro consolidates above 1.26 low, sentiment remains negative

EURUSD The Euro resumes reversal and establishes fresh direction lower after breaking below near-term congestion.

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Mind Vision Traders LONG LMT @1.2617 1.2607 1.2687
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Most Traded Pairs

Pair Price Hour Day Week Month
EURUSD 1.2671 0.06 0.20 -1.08 -1.37
AUDUSD 0.8784 -0.01 0.19 0.31 -0.64
GBPUSD 1.6017 0.01 -0.16 -0.44 -2.27
USDCHF 0.9520 -0.09 -0.20 1.00 1.29
USDJPY 107.44 -0.08 0.25 1.04 -1.33

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