By Rob Howard — Mar 09 - 05:46 AM
Cable ran into resistance at 1.3900 after building on early London gains
See: nL1N2L70EH. 1.3864 = ensuing pullback low (1.3865 was Monday's high)
1.3850 (Asian session high) is now a support point, pre-1.3800 and 1.3779
Bids just shy of 1.3800 propped GBP/USD in Asia, and on Monday (NY/Ldn)
1.3779 was Friday's three-week low, after big NFP beat (1.3776 = Feb 12 low)
Resistance levels beyond 1.3900 include 1.3921 (March 3 low) and 1.3950
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary