Intraday news and views – GBP/USD

AceTrader Team AceTrader

Intraday market moving news and views

Update Time: 24 May 2022 07:10GMT.

GBP/USD outlook - 1.2590

Cable's intra-day rally above last Thur's near 2- week high of 1.2524 to 1.2600 in Europe suggests recent up move from May's 1.2156 trough would head to 1.2610/15 after consolidation, reckon May's 1.2638 peak should cap upside and yield correction 'later'.

As 1.2548 has contained retreat, hold long for 1.2610/20. Only below 1.2524 risks 1.2490/00.

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AceTrader Team

AceTrader

Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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