USD runs back to the downside after brief run higher after PPI
The USD has run back to the downside, after a brief move higher after the higher than expected PPI data:
GBPUSD: The GBPUSD is extending to a new high for the year and new high going back to July 27 when the price hit 1.2995 (just short of 1.3000). The old high and the natural resistance at the 1.3000 to give traders some cause for pause from a technical perspective, with stops on a break to the upside.
GBPUSD: The GBPUSD is extending to a new high for the year and new high going back to July 27 when the price hit 1.2995 (just short of 1.3000). The old high and the natural resistance at the 1.3000 to give traders some cause for pause from a technical perspective, with stops on a break to the upside.
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