The dollar was up on Friday morning in Asia. The greenback headed for a seventh consecutive weekly gain on the yen and the best one-week rise on China's yuan in more than two years, boosted by higher U.S. yields.
The GBPUD market is short term negative and suggests a roll down from flagging congestion that will send selloffs to 1.2853. Sustained selloffs under 1.2853 will encourage declines to 1.2830 - 1.2767. Any corrective congestion within Wednesday’s range will keep trade aligned for selloffs.
The GBPUD market is short term negative and suggests a roll down from flagging congestion that will send selloffs to 1.2853. Sustained selloffs under 1.2853 will encourage declines to 1.2830 - 1.2767. Any corrective congestion within Wednesday’s range will keep trade aligned for selloffs.
