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Nov 08 - 11:55 PM

GBP/USD - Fresh Highs, As Confidence Weighs On Safe Haven USD

By Andrew M Spencer  —  Nov 08 - 10:15 PM
  • +0.3% towards the top of a 1.3155-1.3192 range with moderate interest

  • Positive sentiment capped the USD with E-mini S&P futures up 1.5%

  • UK government gives extra support to struggling families nL8N2HU0I3

  • Charts; momentum studies, 5, 10 & 21 DMAs track north - bullish setup

  • Firm NY close left a bullish outside week - a strong positive signal

  • 1.3177 October high broke in Asia, 1.3103 upper 21 day Bolli band caps

  • A sustained 1.3180 break opens the door to 1.3481 September top

  • Close below 1.3019-27, 21 and 10 DMAs would undermine topside bias

    For more click on FXBUZ

gbp 3 nov 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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