GBP/USD moves to a high of 1.2857 on the day
No particular headlines as it appears to be just
broad dollar selling. I'm guessing thin markets have something to do
with it too - exacerbating the moves (quick spikes). EUR/USD is moving
back towards the highs for the day while USD/CHF has moved to session
lows on the day of 0.9833 as well. Even USD/CAD is dragged to session
lows on the day just under 1.3070:
For
cable, it looks like buyers are now threatening a move to get back
above the 100-hour MA (red line) and they manage to hold a break above
then near-term sentiment turns bullish again. Meanwhile, for USD/CAD, if
sellers sustain a break below the 200-hour MA (blue line) then the
near-term bullish bias will be broken.
via : forexlive
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