FX Board: Weak GBP theme persists as market gets frisky

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    There's a glimmer of hope for USD bulls and, if nothing else, there's a party on the way in just two days. The year is rapidly winding down, but currencies haven't entirely given up moving for the year, as GBPUSD touched new lows for the cycle today, while NZDUSD tried above the 200-day moving average and is within arm's reach of the cycle highs just shy of 0.6900. Around midday today, the euro weakened notably after nearly touching 1.1000 in EURUSD earlier in the day. That offers a glimmer of

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