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Nov 03 - 07:55 PM

GBP/USD - USD In The Driving Seat, As U.S. Election Unfolds

By Andrew M Spencer  —  Nov 03 - 06:20 PM
  • Flat after closing up 1.2%, USD-led with risk on into the U.S. election

  • USD to lead in Asia, with a clear winner risk-positive, close call risk-off

  • Bounce off key support around 1.2860 has turned the downside bias to neutral

  • Momentum studies base, edge higher, while 5, 10 & 21 DMAs coil - little bias

  • 1.3132 rising upper 21-Day Bollinger and 1.3177 Oct high major resistance

  • Late NY 1.3012 base and 1.3101, 76.4% October fall first support-resistance

  • For more click on FXBUZ

gbp nov 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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