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TDUX
Aug 27 - 11:55 AM

GBP/USD - Runs Into Resistance Around 1.36

By Robert Howard  —  Aug 27 - 10:12 AM

• GBP/USD meets headwind around 1.3600 after lift from 1.3571

• 1.3571 was London morning low, and the lowest level since August 19

• More offers may be parked circa 1.3619 (August 21 low)

• 1.3618 was low before hotter than expected U.S. PCE data Wednesday

• Support points below 1.3571 include 1.3548 and 1.3525

• Fed Chair Warsh to speak at Jackson Hole on Friday, at 1400 GMT

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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