Cable on the move again, up to session highs ahead of UK data

Author: Justin Low | Category: News

GBP/USD up to a high of 1.4374 on the day as the dollar remains weak on the day

The pair looks poised for eight straight days of gains if it manages to hold up - it would be the first time since June last year that that has happened.

After finding a daily close above the key resistance level on the daily chart, the momentum is still very much with the buyers at this point.

The scary thing is that if UK data later (jobs report) comes out in favour for sterling, it could very well accelerate the pair towards 1.4500 in a jiffy.

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