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Nov 09 - 01:55 PM

GBP/USD - Supported Ahead Of 10-DMA, Bulls Wary Above 1.23

By Paul Spirgel  —  Nov 09 - 01:10 PM
  • Sterling soft into NY cls, -0.14$ at 1.2265; Thursday range 1.2308-1.2254

  • Pair trades 40-pip range in NorAm, awaiting Powell comments 2PM NYT

  • Mkt looking for hints at policy; USD bid amid large long-end rate rise

  • Fed's Goolsbee: Fed will need to monitor risks of overshooting on rates- WSJ

  • Sterling steady by daily cloud base support ahead of Powell, UK GDP

  • Support at Nov 8 low 1.2243, 10-DMA 1.2236, 1.2096 Nov 1 low

  • Res 1.2310 55-DMA, 1.2346 Nov 7 high, 1.2392 50% of 1.2746-1.2039

Source:
Refinitiv IFR Research/Market Commentary

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