USD Thu 20 Sep
Brand new day, same old story for the dollar
The tug of war between buyers and sellers this week continue
This is pretty much a copy and paste of yesterday's post . There hasn't been any notable dollar direction in general this week, to sum it all up. Price action in the dollar index continues to trade around the 100-day MA (red line) with buyers continuing to defend any real move lower.
GBPUSD Thu 20 Sep
GBP/USD: Buyers remain poised as key breakthrough is yet to transpire
Cable continues to trade above the 100-hour moving average
And that means that the near-term bias in the pair remains more bullish as price holds above the two key hourly moving averages. Negative Brexit headlines weighed on the pound in trading yesterday, with the first taking cable to a low of 1.3099 where it tested bids around 1.3100 before bouncing back up.