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Sep 07 - 05:55 AM

GBP/USD - Drops To Five-Day Low From Saunders-Assisted High

By Rob Howard  —  Sep 07 - 04:22 AM
  • Cable hits 1.3811 (lowest level since Thursday) after sliding from 1.3850

  • 1.3850 was high as BoE MPC hawk Saunders spoke nL9N2PI00DnL9N2PI00O

  • 1.3850 was five pips shy of Asia high/six pips shy of Monday's London high

  • Support levels include 1.3800 and 1.3780, 61.8% Fibo of 1.3602-1.3890

  • 1.3890 was Friday's four-week high (after big NFP miss hurt the USD)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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