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Refinitiv
Aug 23 - 11:55 PM

GBP/USD - Poised Above Key Support - Close Key For Next Move

By Andrew M Spencer  —  Aug 23 - 11:30 PM
  • Flat in a tight 1.3083-1.3100 range with only occasional interest

  • Cable remains driven by the USD, which looks set to continue this week

  • PM Johnson urges parents to send their kids back to school nL8N2FP0EU

  • Techs; 5, 10 & 21 DMAs coil - no bias - 1.3229 upper 21 day Bolli caps

  • 1.3076 21 DMA a base on July-August rally - close below would be negative

  • Sustained 1.3076 break would target the rising 1.2923 lower 21 day Bolli

  • 1.2982 is the August range base and major pivotal support

  • 1.3059 NY low and 1.3134 38.2% of Friday's fall support-resistance

For more click on FXBUZ


gbp 2 aug 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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