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Dec 24 - 03:48 PM
GBP/USD - REFILE-BUZZ-GBP/USD-Key Fibo Support Held Intact, Aided By Data
First appeared on eFXplus on Dec 24 - 11:00 AM

Adds RICs for GBP/USD, 10-yr UST yield

  • Overnight fall stalls short of the 38.2% Fib of 1.1959-1.3516

  • Bounce ensues as Dec Philly Fed services nAQN01QIWN weighs down the US$

  • US Treasury yields fall from day's high after 5-yr auction nAQN01QJTZ

  • US$ comes under further pressure, GBP/USD adds to gains, nears 1.2965

  • Daily bull hammer forms near the 38.2 Fib, techs imply squeeze risk growing







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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