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Dec 29 - 01:55 PM

GBP/USD - Impediment Breaks, Techs Lean Bullish As Safe-Havens Drop

By Christopher Romano  —  Dec 29 - 01:29 PM
  • Overnight GBP/USD drop halts at 1.3410, NY opens near 1.3440, lift extends

  • Upbeat risk takes hold; US$, yen sold while stocks, commodities rise early

  • GBP/JPY rallies above 155.00, GBP/USD hits 1.34995 before dipping slightly

  • Firm US interest rates, erosion of stock, commodity gains help stall GBP/USD

  • GBP/USD does hold above the key 55-DMA late in the session however

  • Rising RSIs, monthly bull hammer candle reinforce bullish technical signals

  • For more click on FXBUZ

gbpusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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