Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 28 - 11:55 PM

GBP/USD - Technicals Support, But News Needed To Break 1.3835

By Andrew M Spencer  —  Oct 28 - 11:08 PM

  • Touch softer at the base of a 1.3789-1.3803 with steady flow

  • Sterling is often volatile on late month end rebalancing flows

  • Charts; 5, 10 & 21 day moving averages and daily momentum studies climb,

  • 21 day Bolli bands contract - neutral setup has turned net positive

  • 1.3695 21 DMA then 1.3672 38.2% of the September-October rise key supports

  • Well tested 1.3831, 50% of the 2021 fall and range top major resistance

  • 1.3670-1.3835 range should hold into next week unless the USD trends

  • London 1.3731 low and 1.3815 NY high are initial support and resistance

For more click on FXBUZ


gbp 2 Oct 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!