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Sep 30 - 11:55 PM

GBP/USD - Soft As Risk Soured - Safe Haven USD Weighs

By Andrew M Spencer  —  Sep 30 - 11:30 PM

  • -0.15% - risk off, on U.S. failure to pass infrastructure plan nL1N2QW1IP

  • Asian bourses fell, E-mini S&P -0.5%, cable traded in a busy 1.3445-80 range

  • UK supply chain issues weigh nL8N2QW1IT, but weakness today on strong USD

  • Charts; momentum studies, 5, 10 & 21 daily and weekly moving averages slide

  • 21 day Bollinger bands expand - strong bearish trending setup

  • 1.3419, 38.2% May 2020 to 2021 top is initial resilient support

  • 1.3593 10 DMA capped the recent fall - now pivotal resistance

For more click on FXBUZ


gbp 2 Oct 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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