Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 06 - 01:55 AM

GBP/USD - Firmer USD Capped, But A Test Of 1.3920 Beckons

By Andrew M Spencer  —  Sep 05 - 11:37 PM

  • Touch softer at the base of a 1.3852-1.3863 range with only modest flow

  • Companies urge relax immigration rules to fix UK jobs squeeze nL8N2Q53IZ

  • UK government believes companies should raise wages to attract staff

  • U.S. holiday - potential busy morning in London, then quiet afternoon likely

  • Charts; 21 day Bolli bands contract, 5, 10 & 21 DMAs conflict- neutral setup

  • August rejection of lower 21 day Bolli and Thursday's 1.3782 21 DMA break

  • Next stop 1.3919 upper 21 day Bolli band - opposite to the July/August fall

  • Friday's London 1.3818 low and NY 1.3890 high are initial support resistance

For more click on FXBUZ


gbp 2 Sep 6 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
!