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
