Dice on paper
Markets

And now the pound is the darling of the day

That's what happens when you put your faith in the dollar ;-)

USDJPY couldn't even take out a measly yard at 107? Pfft, two bob currency.

Meanwhile, a currency with some real gumption is old Betty who has taken herself off through 1.2500 once again.

Watch the recent highs around 1.2545/55for signs of further resistance in that area. If we go through we're on for a look at 1.2600 and the 38.2 fib of the Sep drop at 1.2606.

GBPUSD 15m chart

Like the Aussie tried, support needs to come in and hold at 1.2500 and then 1.2480 or we're going all the way back down again.

EURGBP crunched through support at 0.8720 and then the big figure so that will keep cable's rally intact.

Choppy choppy moves.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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