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Oct 28 - 08:55 PM

GBP/USD - Touch Firmer, But USD Safe Haven Flows Cap

By Andrew M Spencer  —  Oct 28 - 07:30 PM
  • +0.1% - USD led with E-mini S&P +0.4% after cable closed -0.5%

  • Expanding coronavirus and U.S. election uncertainty to support the USD

  • UK - Pfizer's COVID-19 vaccine verdict before AstraZeneca's - nL4N2HJ5K0

  • UK vaccine chief targets spring rollout - impact may be limited nL1N2HJ01P

  • Charts; neutral momentum studies, 5, 10 & 21 DMAs conflict - mixed signals

  • 1.3173, 61.8% of September fall capped last week remains major resistance

  • 1.2927 support, 50% September-October bounce tested, but held on close

  • NY 1.2918-1.3016 range is initial support-resistance


    For more click on FXBUZ

gbp oct 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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