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Oct 25 - 11:55 PM

GBP/USD - Heavy As Risk Appetite Crumbles In Asia

By Andrew M Spencer  —  Oct 25 - 11:10 PM
  • Off 0.25% at the base of a busy 1.2080-1.2109 range on D3

  • UK car output growth strongest in September as overseas shipments rise- SMMT

  • ECB rate decision and press conference could easily generate EUR/GBP flows

  • Charts; 5, 10 & 21-day moving averages coil, neutral momentum studies

  • 21-day Bollinger bands flat line - mixed signals as the range dominates

  • Choppy consolidation in the October 1.2038-1.2337 broad range set to extend

  • The 1.2038 Oct low and today's Asia's 1.2109 top first support, resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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