The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
GBP/USD: forecast for Sep. 25-29, 2017
After breaking above the upper border of the bullish channel, the pair has further potential for growth. Bullish targets lie around 1.3800/50, though the pound will firstly need to go above 1.3650. Support is at 1.3385 (100-week MA).
This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.
Last week was highly positive for the US dollar, so, it managed to end the Friday’s trading above 93.50.