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Thomson Reuters
Nov 09 - 06:12 AM
GBP/USD - Dips To Fresh Four-Day Low After Raft Of UK Data
First appeared on eFXplus on Nov 09 - 04:50 AM
  • Cable dipped to fresh four-day low of 1.2986 after UK data at 0930GMT
  • 1.3020 = subsequent rally high. 1.2997 was pre-data release low
  • UK data included Sept GDP miss, 0.0 pct vs +0.1 pct f/c nUKL9MEE5R
  • 1.2986 = 21DMA. 1.2979 is a daily technical cloud support level
  • Resistance levels beyond 1.3020 include 1.3045 (Thursday's low)
  • Brexit developments remain key for GBP nL8N1XK1IA nS8N1UG00J

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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