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Jan 09 - 08:55 PM

GBP/USD - Topside Break, As Positive Sterling Factors Build

By Andrew M Spencer  —  Jan 09 - 06:35 PM

  • Steady after closing up 0.75% amid broad U.S. dollar weakness

  • BoE's Chief Economist Pill sees risk of persistent inflation nL8N33U4QC

  • UK, EU working on data access to resolve post-Brexit trade row nL8N33U4DQ

  • Higher UK yields and potential N.Ireland Brexit trade deal support sterling

  • Charts; daily momentum studies conflict, 21 day Bollinger bands contract

  • 5, 10 & 21 day moving averages base, daily signals show a neutral setup

  • Close above 1.2111 21 day moving average is a strong positive signal

  • Targets 1.2345 upper 21 day Bollinger band - 1.2113 London low supports

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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