Pound/Dollar: Cable is suffering amid strengthening dollar and election uncertainty [Video] Cable suffered on Friday amid a strengthening dollar and election uncertainty for sterling. A strong negative candle saw another retreat back to the 23.6% Fib level (of the October rally $1.2193/$1.3012) at $1.2820. Read more… GBP/USD refreshes session tops, inching back closer to 1.2900 handle The buying interest around the British pound picked up some additional pace in the past hours and lifted the Pound/Dollar pair to fresh session tops, around the 1.2875-80 region. The pair caught some fresh bids on the first day of a new trading week and recovered a major part of the previous session’s downfall to over one-week lows, triggered by the dismal UK flash PMI prints for November and resurgent US dollar demand. Read more… Pound/Dollar recovery attempt faces significant resistance “” Confluence Detector Pound/Dollar has been moving marginally higher as Prime Minister Boris Johnson’s Conservative Party has gained ground in the polls. Can cable extend its gains? It may struggle. The Technical Confluences Indicator is showing that fierce resistance is waiting at 1.2887, which is the convergence of the Simple Moving Average 100-4h, the Fibonacci 38.2% one-week, the Fibonacci 61.8% one-day, the Bollinger Band 1h-Upper, and the BB one-day Middle. Read more… FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Grayscale Digital Large Cap Fund (DLC) is within finishing stages FX Street 3 years Pound/Dollar: Cable is suffering amid strengthening dollar and election uncertainty [Video] Cable suffered on Friday amid a strengthening dollar and election uncertainty for sterling. A strong negative candle saw another retreat back to the 23.6% Fib level (of the October rally $1.2193/$1.3012) at $1.2820. Read more... GBP/USD refreshes session tops, inching back closer to 1.2900 handle The buying interest around the British pound picked up some additional pace in the past hours and lifted the Pound/Dollar pair to fresh session tops, around the 1.2875-80 region. The pair caught some fresh bids on the first day of a new… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
