GBP/USD bulls are throwing in the towel at eight week highs
The British Pound pulled back from the highest level against the dollar in eight weeks on Wednesday, a high made as worries about the health of the global financial system continued to ease. At the time of writing, GBP/USD is down some 0.2% after falling from a high of 1.2361 to a low of 1.2302. Read More...
GBP/USD retreats from multi-week high amid modest USD uptick, bullish potential intact
The GBP/USD pair retreats from the 1.2360 area, or its highest level since February 3 touched this Wednesday and trades with modest losses during the early North American session. Spot prices, for now, seem to have snapped a two-day winning streak, though manage to hold comfortably above the 1.2300 round-figure mark, or the daily swing low. Read More...
GBP/USD recovers a few pips from daily low, finds some support near 1.2300 mark
The GBP/USD pair comes under some selling pressure on Wednesday, snapping a two-day winning streak and eroding a part of the overnight gains to its highest level since early February. The pair drops to a fresh daily low during the first half of the European session, albeit finds some support near the 1.2300 mark and recovers a few pips in the last hour. Read More...
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