GBP/USD presses against the January highs


Cable continues higher in Asia

Cable continues higher in Asia

Cable has added another 10 pips to yesterday’s gain and is flirting with a series of January highs that stretch up to 1.3758. That’s just 5 pips above spot so we could see some stops run in Asia-Pacific trading or later today.

If that does give way we’re into fresh highs since 2018 with little standing in the way of a return to 1.43.

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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