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Aug 25 - 09:55 PM

GBP/USD - Key Resistance In View - USD Leads The Way

By Andrew M Spencer  —  Aug 25 - 07:42 PM

  • Flat - closed up 0.25%, as risk appetite recovered and the USD slipped in NY

  • UK car output falls to lowest July level since 1950s nL8N2PW2EA

  • Britons critical of government response to Delta variant surge nL8N2PW285

  • Charts; 21 day Bolli bands, 10 & 21 daily & weekly moving averages slide

  • Daily momentum studies conflict - net bearish setup, despite recent bounce

  • Fall targets a test of 1.3572 July trend base, with 1.3451 2021 base below

  • Close above 1.3816-37, 21 DMA and 61.8% July-August fall would be bullish

  • NY 1.3699 - 1.3767 range is initial support and resistance

For more click on FXBUZ


gbp aug 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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