By Andrew M Spencer — Feb 02 - 06:43 PM
Touch softer - closed little changed, after reversing off 1.3611 in NY
UK virus developed concerning mutation in small number of cases nL8N2K82I5
Race between vaccine rollout and changing virus continues nL8N2K81GE
Charts; 10 & 21 daily weekly and monthly moving averages trend higher
1.3768 Upper 21 day Bollinger band capped trend and remains major resistance
Close below rising 1.3650 21 DMA needed to undermine primary uptrend
Sterling is resilient in the fast vaccine rollout, next move likely USD led
NY 1.3611 low and London 1.3710 high initial support-resistance
For more click on FXBUZ
gbp feb 3 Click here
Source:
Refinitiv IFR Research/Market Commentary