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4 Aug 2014
Cable trying to shake off its funk - FXBeat
FXStreet (Łódź) - Jamie Coleman comments on FXBeat that the GBP/USD has been rising to new session highs on Monday in the low 1.6840s.
Key quotes
"Offers are eyed in the 2.6855/60 region near-term."
"Heavy covering of EUR/GBP shorts has weighed heavily on the Cable but the cross has finally found some supply in the 0.7950/85 area which has given GBP/USD a lift."
"Heavy offers are seen on rebounds to the 1.6885/95 region near-term, traders say."
Key quotes
"Offers are eyed in the 2.6855/60 region near-term."
"Heavy covering of EUR/GBP shorts has weighed heavily on the Cable but the cross has finally found some supply in the 0.7950/85 area which has given GBP/USD a lift."
"Heavy offers are seen on rebounds to the 1.6885/95 region near-term, traders say."