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Sep 04 - 03:55 PM

GBP/USD - Bulls Not Done Yet, Support Found Near 21-DMA By 1.3176

By Paul Spirgel  —  Sep 04 - 01:45 PM
  • Early NorAm weakness reversed, GBP/USD ending NY -0.14% at 1.3260

  • Pair dipped after in-court NFP EM, unemp/AHE beats; probed 21-DMA support

  • GBP/USD bounce may be short-lived as Brexit angst grows nL9N2EA015

  • US jobs report leaves sterling shaky as Brexit worries mount nL1N2G10KQ

  • Bulls in control abv 1.2997, 50% Fib of 1.2512-1.3481

  • Below 50% Fib daily cloud top 1.2809 attracts, Res 1.3384 upper daily Bolli

  • EUR/GBP sideways, -0.05% at 0.8935, Fri range 0.89530-00; NFP a dollar only event today

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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