GBPUSD - What can't go down further must invariably go back up

It's turnaround time for cable after the post-data dip 9 August

Stops above 1.3000 that I reported have now indeed been targeted to post 1.3014 after previous lows held again.

More offers/res into 1.3020 and 1.3050. Record imports prior to Brexit noted but with GBP over 10% lower now we'll wait to see July data for a more accurate/current assessment.

General USD supply sees EURUSD and AUDUSD both higher too.

Best in 2026

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access