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 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments