Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 12 - 01:55 PM

GBP/USD - Bulls Eye 50% Fib Support By 1.3778 After UK Output Misses

By Paul Spirgel  —  Aug 12 - 01:26 PM
  • GBP/USD drifts lower into NY close, -0.37% at 1.3816; NorAm range 1.3855-15

  • GBP dip outpaces other major CCYs after UK o/p data misses, Q2 GDP inline

  • Sterling drip lower finds supt by the 21-DMA at 1.3832, for now nL1N2PJ1CA

  • Next supt Wed low 1.2804, then 1.2778 the 50% Fib of 1.3573-1.3984

  • Res by 10-DMA 1.3875, daily cloud base at 1.3902 & upper 30-d Bolli 1.3984

  • EUR/GBP +0.35% at 0.8496, Thurs range 0.8496-61; Slowing UK data hits bullish sentiment

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!