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Cable is cresting 1.3900 with upside target at 1.4...Cable is cresting 1.3900 with upside target at 1.4... and Eur/Gbp is back below 0.8750 partly due to another downturn in the Dollar and relative Euro lethargy between key technical levels. However, Sterling is also bid in its own right and benefiting from the UK’s ongoing advanced progress in terms of vaccinating the population against COVID-19 that is keeping the PM on track to begin relaxing restrictions early next month. For the record, over 15 mn people have now been inoculated and the Government is aiming to have administered first jabs to 32 mn by April. Whether you think these numbers are good or bad, Gbp strength is showing though.
Long
by FTUKcom
20
USDCHF H4 - Long Trade SetupUSDCHF H4 Starting the week with pairs carried forward from last week, if it's not broken, don't fix it! 0.89030 was test earlier on this morning, eyes peeled for that 0.89 test again now we have a little better market volume and a good stint ahead of us. USDCHF pulled up last week towards the latter part of the week, but then pulled back downside off the back of the worse than expected Michigan Consumer Sentiment Index figures. We also fought off worse than expected inflation data on the Wednesday too, yet we are still sitting on our S/R and 0.89 handle. Looking for potential longs again this week.
Long
by Trade_Simple_FX