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Derived real-time data in partnership with:
Thomson Reuters
Jan 31 - 08:36 AM
GBP/USD - Maintains 1.31 Handle After Dovish Fed
First appeared on eFXplus on Jan 31 - 06:35 AM
  • Cable elicited fresh support ahead of 1.3100 after retreating from 1.3157
  • 1.3157 = two-day high in early European trade nL1N1ZV07R
  • Prior bids near 1.3100 based GBP/USD retreat from Wednesday's 1.3145 high
  • Ascent to 1.3145 was fuelled by dovish Fed nW1N1YW001 nL1N1ZU1Q4
  • 1.3049 (200-day moving average) is a key support level under 1.3100
  • Bids around 200DMA based cable losses Tuesday and Wednesday (pre-FOMC)

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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