Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 02 - 01:55 AM

GBP/USD - Sustains Friday's Losses, But The Uptrend Hangs In

By Andrew M Spencer  —  Sep 01 - 11:35 PM
  • Steady in a 1.3121-1.3137 range with modest interest on LSEG Matching

  • Quiet on no market-moving weekend news ahead of the U.S. Labor Day holiday

  • UK final manufacturing PMI leads data but is unlikely to move sterling

  • Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA slips

  • 21-day Bollinger bands rise as momentum studies crest - net positive

  • The August uptrend targets a test of 1.3410, 0.786% of the 2021-2022 fall

  • Friday's 1.3200 top and then last week's 1.3269 high are first resistance

  • The close below the 1.3150 10-DMA is a concern for bulls

  • 1.3038, 38.2% of the August rise is pivotal support

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!