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Aug 22 - 03:55 AM

GBP/USD - Significant Lows Calling On A 1.1761 Breach

By Peter Stoneham  —  Aug 22 - 03:00 AM
  • As with EUR/USD a new 2022 low on the cards for sterling this week

  • Some over sold risk as price drops below the lower 30DMA Bolli

  • Big downside level 1.1761, the low from July 14

  • Breach of 1.1761 would bring the significant lows from March 2020 into play

  • If the current trend holds a run below 1.1000 possible

  • The 1985 low was 1.0545, some distance from market but possible

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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