GBPCHF reversed from resistance zone Likely to fall to support level 1.1340 GBPCHF recently reversed down from the major resistance zone located between the resistance level 1.1450 (which has been reversing the pair from last June) and the upper daily Bollinger Band. The downward reversal from this resistance zone continues the active downward impulse wave […]
Cable ticked higher in European trading on Wednesday, showing no significant reaction on overall negative UK economic data (GDP was flat in April/construction and manufacturing output fell sharply) as traders await release of US CPI data and signals from Fed at the end of two day policy meeting. US inflation is expected to ease while […]
The post GBP/USD: Cable Remains Constructive Despite Weak UK GDP Numbers, All Eyes on US CPI/Fed appeared first on Action Forex.
Share
