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Derived real-time data in partnership with:
Thomson Reuters
Feb 08 - 08:36 AM
GBP/USD - Offers Expected By 1.30 If 100HMA Vaulted
First appeared on eFXplus on Feb 08 - 06:15 AM
  • Cable eyes 1.2975 (100HMA) after rising from 1.2922 (early Europe low)
  • Fresh sell orders expected near 1.3000 if GBP/USD vaults the 100HMA
  • Offers just shy of 1.30 capped Thursday's jump from 1.2854 nL1N2020N9
  • Cable has been sub-1.30 since dropping through the level Tuesday
  • 1.2922 approximated to 50 pct of 1.2854-1.2997 nL1N20306N
  • Brexit developments remain the big issue for GBP nL1N20307U

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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