The common currency trimmed its weekly losses against the greenback, but remained depressed for a fourth consecutive week...
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Sterling is trading little changed at above 1.2700 level after falling as low as 1.2666, the lowest since June 22 on Wednesday. While Sterling leaped to 1.2744 high on Thursday, the sluggish session overnight saw it slipping lower again with 1.2700 support. The set of UK macro data were unable to support Sterling from further fall this week.
The US Dollar is trading 0.3% lower against the Japanese Yen at around mid 110.00s as the US said to press China to lift Yuan in trade talks in late August.
"A cycle is a recognizable price pattern or movement that occurs with regularity in a specific time period"
"Advisory Opinion, comprised of arguments and trade ideas which have been committed to publication and therefore have an influence on the trading public,
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"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."