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GBP/USD Fibonacci Extensions zones complete...

GBP/USD Fibonacci Extensions zones complete...

All off best levels, but not before registering fresh and significant gains vs the increasingly weak Greenback as the Pound inched closer to 1.3500, the Kiwi forms a firmer base around 0.6750 awaiting NZ terms of trade tonight and Euro breached barrier defences at 1.2000, albeit briefly. However, the DXY is striving to draw a line in the sand and stay within sight of 92.000 having declined to yet another y-t-d trough at 91.737, with the aid of an upbeat US manufacturing ISM survey overall. To recap, the headline beat consensus along with prices paid, while new orders accelerated and the employment component also improved, but remained sub-50.0 ahead of the monthly BLS report at the end of the week. In response, the index rebounded to 92.211 as the Dollar pared declines across the board, but the recovery is already fading.



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