Markets

Goodbye cable as EURGBP takes off

The pound has had it's holiday in the sun and now we're back on the slide

1.4360 would have been where I wanted to see some support come in but the drive in EURGBP has knocked that out.

the next support at 1.4325 will probably coincide with EURGBP testing 0.7800 so could be made of tougher stuff on that resistance.

GBPUSD H4 chart

No idea why I typed "Good buy" in the original title instead of "Goodbye", that was not a trade recco BTW ;-)

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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