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Dec 24 - 03:55 PM

GBP/USD - Turns Down Amid Broad Dollar Gains

By Robert Fullem  —  Dec 24 - 01:50 PM
  • GBP/USD reverses rise and falls to day's low amid broad dollar gains

  • Session range on Tuesday moves to 1.2519-1.2572

  • GBP/JPY eyes top of daily cloud on further losses

  • Year-end flows to dominate due to dearth of UK data, BOE speakers next week

  • Close below nearby lower Bollinger and 1.25 suggests test of 1.2299 2024 low

  • Positive seasonals and favorable forwards points may help limit losses

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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