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Pound/Dollar Up After Support from Crosses

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The dollar index on Friday is in a sideways at 99.23. The USD is strengthening against the EUR and JPY, but weakening against commodity currencies (AUD, NZD and CAD). The euro/dollar is trading at 1.0817, with the pound dollar at 1.4318. The GBP is up after yesterday’s ECB comments and after ignoring the disappointing UK retail sales data. The UK retail sales index for December was down 0.1% MoM and up 2.6% YoY (forecasted: 0.3% MoM, 4.3% YoY, previous: reassessed from 1.7% MoM, 5.0% YoY to

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