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Feb 09 - 11:55 PM

GBP/USD - Touch Softer Ahead Of A Slew Of UK Data

By Andrew M Spencer  —  Feb 09 - 10:10 PM

  • -0.1% in a very tight 1.2100-1.2117 range with only moderate flow on D3

  • Asia cautious ahead of UK data - GDP poll -0.3% m/m and flat q/q

  • Manufacturing output m/m poll -0.2% and industrial output m/m -0.2%

  • Charts; 10 & 21 day moving averages head lower, 21 day Bolli bands expand

  • Momentum studies conflict, net bearish setup, despite Thursday's bounce

  • 1.1984, 76.4% 2023 rise a base on the close this week - resilient support

  • 1.2168 10 day moving average then 1.2193 NY high initial resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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