Free Trial

Volume Pick-Up Puts Pair at New Highs

GBP
  • Uptick in volumes helps tip GBP/USD to the best levels of the session just ahead of the NY crossover. Futures saw a volume surge at 1214GMT / 0714ET, with just over $100mln cash equivalent trading over the subsequent 3 minutes.
  • Prices are now narrowing the gap with next notable resistance at 1.2199, the 20-day EMA. Resistance seen firmer headed into 1.2265, the Feb 3 high.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.