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Aug 17 - 09:55 PM

GBP/USD - Heavy Early For A Second Attempt At Key Support

By Andrew M Spencer  —  Aug 17 - 07:54 PM

  • -0.1% early after closing off 0.7%, weighed down by safe haven USD strength

  • UK plans to welcome thousands of Afghans in new refugee plan nL1N2PO2EP

  • Biden, Johnson discuss Afghanistan, agree to hold G7 meeting nL1N2PO2CJ

  • Afghan situation weighs on risk appetite at present, but likely short lived

  • Charts; neutral momentum studies, 5, 10 & 21 daily moving averages conflict

  • Neutral setup, despite Tuesday's fall - 1.3871 August trend line caps

  • 1.3726 NY low and 1.3729, 61.8% of the July rise are under pressure

  • Break of 1.3725 would initially target 1.3712 lower 21 day Bollinger band

    For more click on FXBUZ


gbp aug 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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