FXstreet.com (Córdoba) – The US Dollar reached fresh highs across the board after Wall Street opening. The GBP/USD broke below 1.5925 and fell to 1.5905, new low. The pair so far managed to hold above 1.5900 and currently is moving off session lows, trading at 1.5915/20, more than 150 pips below the opening price.
According to Valeria Bednarik, Chief Analyst at FXstreet.com, a clear break below 1.5900 ”may trigger a bearish continuation rally over the upcoming US session, with 1.5810 area now at sight.”
The pair erased Friday’s gains and approached November lows that lie at 1.5865; if it falls below it would be trading at the lowest level in three weeks.
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