The Buck takes another step up - Forex News by FX Leaders

The Buck takes another step up

Posted Friday, May 13, 2016 by
Skerdian Meta • 1 min read

Last evening we opened a buy forex signal in GBP/USD. We opened it just above the 100 and 200 smooth moving averages which have been providing support recently. We were hoping that they would provide support again, but the USD bulls had other plans in mind. A wave of US Dollar buying unfolded this morning when the European session started, which sent the Buck up against most currencies. 

GBP/USD broke below recent support 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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