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Nov 17 - 08:36 PM
GBP/USD - Opening Gap To Be Filled, But 1.3000 Beckons
First appeared on eFXplus on Nov 17 - 06:45 PM
  • +0.1% with a 1.2903 NY close and 1.2915 Asia low - these gaps usually filled

  • All Conservative election candidates to back PMs Brexit deal nL5N27X0PN

  • Gov't flying in the polls - outlined immigration policy nL5N27X0GW

  • Charts - momentum studies, 5, 10 7 21 DMAs conflict - neutral setup

  • After forming a marginally lower 1.2770 range base, topside under pressure

  • Week of slightly higher daily lows targets 1.3012 Oct/Nov range top

  • 1.2885 210M strikes and earlier 1.2930 high initial support/resistance

gbp nov 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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