Sterling has lost more momentum approaching 1.3900...
Before:
Sterling has lost more momentum approaching 1.3900 and pulled back through the DMA at 1.3830 before losing 1.3800+ status altogether and is now looking even more prone around the 1.3760 pivot point that prefaced Cable’s rally. The dollar index gathered more momentum and bullish technical impetus once 92.000 was breached as counterparts lost psychological and key chart levels and the DXY is now just shy of 92.155 vs 91.753 at worst in the run up to a raft of Fed speakers, more US housing data and the start of this week’s auction schedule in the form of Usd 60 bn 2 year notes.
Sterling has lost more momentum approaching 1.3900 and pulled back through the DMA at 1.3830 before losing 1.3800+ status altogether and is now looking even more prone around the 1.3760 pivot point that prefaced Cable’s rally. The dollar index gathered more momentum and bullish technical impetus once 92.000 was breached as counterparts lost psychological and key chart levels and the DXY is now just shy of 92.155 vs 91.753 at worst in the run up to a raft of Fed speakers, more US housing data and the start of this week’s auction schedule in the form of Usd 60 bn 2 year notes.