4 day run higher corrects to the 50% retracement.
The GBPUSD was on a 4 day winning streak. The move took the price above a topside channel trend line on the hourly chart yesterday and raced up to test the high from January 2 (high for the year) at 1.32655. The high reached 1.32665.
- NEWS: Pelosi releases an updated coronavirus economic relief package proposal September 28, 2020 at 11:30PM
- XAU/USD: Gold Price Attempts to Base as US Dollar Peels Back
- NEWS: Pelosi and Mnuchin will meet to discuss more coronavirus aid at 6.30pm NY time (2230GMT) September 28, 2020 at 11:06PM
- Why Did the Stock Market Rally Today? Nasdaq 100 Week Ahead
- NEWS: UK PM Boris Johnson set to announce measures to help the unemployed September 28, 2020 at 10:59PM