Filed Under:
Forex pairs in this Article » GBP/USD
FXstreet.com (San Francisco) - GBPUSD ticked lower in thin volatility Monday in Asia, falling to as low as 1.6099 on dollar strength as continued concerns over Europe's debt troubles weigh on sentiment and offset strong U.S. jobs data overnight Friday.

Markets are relatively quiet today, with Japan and the U.S. closed for holiday. Regional bourses are trading in red along with risk appetite. Australia's ASX is now quoted down 16.88 points, or 0.38% at 4,477.50. Shares in Hong Kong are 127.38 points lower at 20,885.00. The S&P CNX Nifty is down 14.05 points, or 0.24% at 5,732.90.

Regarding GBPUSD: "The pair trades above the 1.6100 area holding a bearish tone according to the hourly chart, as indicators turn flat in negative territory while price develops below a bearish 20 SMA," says Valeria Bednarik, Chief Analyst at FXstreet.com. "Overall the downside is favor for the pair, with a retest of 1.6060 at sight for today."
comments powered by Disqus