FOREX: Dollar on the Defensive But Selling Pressure Unlikely to Last

The US Dollar is facing selling pressure as a robust pick-up in risk appetite across financial markets weighs on haven demand but optimism appears highly fragile.

New British Pound Scalp Setup Pending Break Below Channel Support

The sterling’s recent advance has offered optimal entries for short-scalps as the GBP/USD pair rebounds off key Fibonacci resistance. We now await a break below channel support to press the pair lower. Here are the key levels to watch.

New British Pound Scalp Setup Pending Break Below Channel Support

The sterling’s recent advance has offered optimal entries for short-scalps as the GBP/USD pair rebounds off key Fibonacci resistance. We now await a break below channel support to press the pair lower. Here are the key levels to watch.

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