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Aug 24 - 09:55 PM

GBP/USD - Key Resistance Held, Charts Remain Negative

By Andrew M Spencer  —  Aug 24 - 07:42 PM

  • Steady after closing little changed in a choppy offshore session

  • UK PM says G7 agreed Taliban must allow departures after Aug 31 nL8N2PV46K

  • Biden - Aug. 31 Afghanistan pullout as threat of attacks rise nL1N2PV159

  • Biden and Johnson seem to have different ideas on timing of Afghanistan exit

  • Charts; 21 day Bolli bands, 5, 10 & 21 daily & weekly moving averages slide

  • Daily momentum studies conflict - bearish setup, despite this week's bounce

  • Fall targets a test of 1.3572 July trend base, with 1.3451 2021 base below

  • 1.3745/47, 10 day moving average and 38.2% July-August fall caps

    For more click on FXBUZ


gbp aug 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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