The US dollar was seen to show mixed movements after the decline in US treasury yields 10 years earlier showed a rebound while market sentiment was assessed to remain risky.
The dollar index (DXY) has recorded a gain of 0.18% being at 102,517, supporting the US dollar from experiencing a worse performance heading into the weekend.
Meanwhile, the Pound showed a depreciation due to investors' concerns over the continuing slowdown in the UK economy as well as high inflation. The development of Brexit is also being monitored by investors who are seen to be able to trigger risks again.
The price movement on the chart of the GBP/USD pair yesterday was seen to have made a decline again after last Tuesday's surge which reached the level of 1.260000, plummeting again in the Asian session yesterday morning connected to the European session.
If observed, initially the price has made a rise of around 170 pips last Tuesday in the European session until the New York session, but the rise did not manage to pass the resistance of 1.26000.
The rise that failed to continue then saw the price make a decline again in the Asian session yesterday until the European session to the level of around 1.25100 before flattening around it until the end of the New York session.
If the rise occurs again, the resistance zone 1.26000 will be tested again before signaling to continue higher.
The price target after passing the resistance of 1.26000 is next at 1.27000 to record the latest 6 -week high.
For the continued higher rise, the further price target is expected to reach around 1.27500.
On the other hand, if the price continues to decline lower below 1.2500o, the next further decline is expected to lead to the focus zone of 1.24000.
Continuing the movement on the bearish trend, the target for the next decline is at 1.23000 for the price to record its latest 3 -week low.
