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TDUX
Aug 20 - 11:55 PM

GBP/USD - Rides Wave Of Momentum, 2026 High Achievable

By James Connell  —  Aug 20 - 11:27 PM

• GBP/USD +0.15% Fri in Asia as pair threatens fresh topside extension

• Break of 1.3660-65 resistance would spur next leg higher, target 1.3867

• UK Jul retail sales due Fri (poll -0.5% m/m), Aug flash PMI also due

• GfK Aug consumer confidence index hits 2-year high after recent upbeat data

• U.S. Treasury attempts to deflate long-end UST yields being met with dubiety

• Brent crude elevated in wake of U.S. sanctions threats to Iran & its allies

• Range Asia 1.3633-55, support 1.3274 1.3140, resistance 1.3660-65 1.3870
GBP Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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