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Dec 05 - 11:55 PM

GBP/USD - Soft On Safe-Haven USD Strength Into Key US Jobs

By Andrew M Spencer  —  Dec 05 - 10:00 PM
  • -0.1% in a 1.2742-1.2760 range on Korea - Russia led safe-haven USD strength

  • UK employers cut 2025 growth forecasts as tax hikes weigh on economy

  • PM Starmer pledges measurable 'milestones' to rebuild UK after rocky start

  • Without tier 1 UK data or BoE events, offshore factors led by US jobs lead

  • Techs - daily momentum studies climb, 21-day Bollinger bands contract

  • 5, 10 & 21-day moving averages coil - neutral daily setup, bearish weeklies

  • This week's 1.2619 low, then the 1.2475 November trend low initial supports

  • Thursday's 1.2770 top then 1.2841, 0.382% September/November fall resistance

  • A close above 1.2841 would be a bullish signal for next week

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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