Technical Analysis

GBP/USD falls to session low as dollar firms up ahead of US trading

Cable falls to a low of 1.2963 on the day


Price now moves towards a test of yesterday’s lows close to 1.2940. Theresa May is also speaking right now as she addresses the rest of her Conservative party but there isn’t anything from her speech there to suggest much change to the Brexit rhetoric.

Right now, it’s all about the dollar move with EUR/USD also falling to near the day’s lows at 1.1543. AUD/USD and NZD/USD have also fallen to lows of 0.7145 and 0.6555 respectively.

More to come..

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