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Jan 11 - 08:55 PM

GBP/USD - Sterling Heavy - Coronavirus Battle And USD Weigh

By Andrew M Spencer  —  Jan 11 - 06:53 PM
  • Flat after closing -0.3% lead by broad base USD strength, as UST yields rise

  • Johnson says 'race against time' into crucial pandemic period nL8N2JM1BA

  • Fin min Sunak warns economy will worsen before it gets better nL8N2JM53H

  • Control of the coronavirus remains pivotal for a sustained economic recovery

  • Charts; negative momentum studies, 5, 10 & 21 daily moving averages conflict

  • Neutral setup - Monday's break of 1.3513 21 DMA break ended the topside bias

  • 1.3371 lower 21 day Bolli band supports, then 1.3311, 38.2% Sep-Jan rise

  • Resilient resistance in December at 1.3700 remains the range top

    For more click on FXBUZ

gbp jan 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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