Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 28 - 11:55 PM

GBP/USD - Bid Ahead Of BoE Governor Bailey's Testimony

By Andrew M Spencer  —  Nov 28 - 10:15 PM

  • +0.3% with USD lower, =USD -0.15%, E-mini S&P +0.15%, AsiaxJP stocks +1.3%

  • Sterling close to the top of a 1.1956-1.1994 range, with moderate D3 flow

  • BoE Governor Bailey to testify before the Lords Economic Affairs Committee

  • Bailey's tone key for Dec 15 rate decision, BOEWATCH +50bp to 3.5% at 83.66%

  • Techs, daily momentum studies conflict, 5, 10 & 21 day moving averages climb

  • 21 day Bollinger bands rise - remains a positive trending setup

  • Uptrend targets a test of resistance at 1.2291, the well tested August high

  • 1.1954 10 DMA is initial significant support and a base in Asia

    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
© 2023 eFXdata · All Rights Reserved
!