The pound is leading Forex recovery against recent USD strength.
The AUD/USD price retreated during the Asian session as traders waited for the latest consumer inflation numbers from the United States.
The EUR/USD formed a double-top during the American and Asian sessions as traders waited for the latest US consumer inflation data.
Support at 0.7816 likely to be today’s pivotal point.
Support at the 1.2129 level looks pivotal.
The GBP/USD price has been on a strong momentum in the past few days as demand for the pound rose.
The BTC/USD retreated during the American session as risky assets sold-off.
Record highs are in sight again.
The weak dollar is generating new long-term high prices.
The EUR/USD pair is little changed as traders reflect on the Friday’s surge following the disappointing US non-farm payrolls numbers.
The AUD/USD is hovering near the highest level since March 18 this year after the disappointing US jobs data and as commodity prices surge.
The 0.7750 area is looking pivotal.
A bearish breakdown could be strong due to latent euro weakness.
The GBP/USD is in a tight range as traders wait for the Bank of England (BoE) to deliver its interest rate decision.
The BTC/USD is in a consolidation mode as traders shift their focus to altcoins and the ongoing dealmaking in the blockchain industry.
GBP/USD Forex Signal: Sterling Grinds Ahead of UK GDP Data