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Aug 26 - 09:55 PM

GBP/USD - Dire Data, But Charts Are Becoming Constructive

By Andrew M Spencer  —  Aug 26 - 07:45 PM
  • +0.05% early after closing up 0.45%, as EUR/GBP -0.5% longs trimmed

  • British car production ramps up in July, still down 21% on year nL8N2FS54Z

  • UK services firms report heavy job cuts into a bleak autumn CBI nL8N2FS4Q1

  • Techs; 5, 10 & 21 DMAs rise, momentum studies base - positive setup

  • Upper 21 day Bolli capped last week and yesterday - rises today at 1.3231

  • NY 1.3118 low then this week's 1.3054 base are initial supports

  • 21 day Bollinger bands are tight and rising - modest topside bias

For more click on FXBUZ


gbp aug 27 Click here

Source:
Refinitiv IFR Research/Market Commentary

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