Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 17 - 11:55 PM

GBP/USD - Bid With Risk, Charts Eye 1.2038, 50% 2022 Fall

By Andrew M Spencer  —  Nov 17 - 10:35 PM

  • +0.3% with risk appetite resilient in Asia, and the U.S. dollar off 0.2%

  • Trades near the top of a 1.1859-1.1909 range with decent flow on D3

  • UK consumer morale improves but close to record-low levels nL8N32D5L1

  • Morale unlikely to really recover short term, as the tough winter bites

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

  • 21 day Bollinger bands head higher - a strong positive technical setup

  • 1.2038, 50% 2022 fall capped Tuesday, break targets 1.2291 August high

  • Asian 1.1859 low and London 1.1957 high Thursday initial support, resistance

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
© 2022 eFXdata · All Rights Reserved
!