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Aug 18 - 03:55 PM

GBP/USD - Support By 1.3730 Holds, Pair Firms Into Close After Fed Minutes

By Paul Spirgel  —  Aug 18 - 02:15 PM
  • GBP/USD ends NorAm in middle of range +0.09% to 1.3762; Wed range 1.3786-31

  • Despite slim gain, GBP/USD near Wed low after mixed price data nL8N2PP14T

  • Pair whipsawed after less-hawkish than exp'd Fed minutes nN9N2M102K

  • Sterling finds support by 1.3730 as risk unwind pauses nL1N2PP11F

  • Close sub-200DMA 1.3786 bearish, below 1.3730 lwr 30-d Bolli 1.3677 attracts

  • Bulls need to regain 10-DMA by 1.3837, move into daily cloud (1.3892-1.3992)

  • EUR/GBP -0.13% to 0.8507, Wed range 0.8532-06; bulls wary of 10WMA by 0.8547

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Source:
Refinitiv IFR Research/Market Commentary

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