Open Demo Account
Home / Breaking News / Pound Rises Above 1.2250

Pound Rises Above 1.2250

Adel 8 July, 2020 12:14 pm Breaking News, Market Update

British Pound higher against USD just above 1.2550, 0.08% on a day, the highest level since June 17, the cable (GBP/USD) was drawing a bullish picture on 4-hours chart with a bullish momentum.

The cable broke above a downtrend support line that capped it since late June. Resistance awaits at 1.2590 then 1.2680, mid-June high.

The US dollar, measured by DXY, fell $0.03 at 96.8740

Tags

Check Also

As Inflation Cools, US Stocks Surge

The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends