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Refinitiv
Nov 06 - 08:36 PM
GBP/USD - Gently Eases, But Three Week Range Is Untroubled
First appeared on eFXplus on Nov 06 - 06:20 PM
  • Flat after closing off 0.2%, with a third lower daily high and low

  • PM Johnson's election campaign launch had a shaky start nL8N27M1ZR

  • YouGov and the FT poll of polls has the Conservatives +11 nS8N26A073

  • 1.3000 capped the October bounce - tight range since leaves coiling MAs

  • Key levels are 1.3012 October high and 1.2790 late October range base

  • Breakout has to come, but difficult to call the weak side - likely USD led

  • NY 1.2845/1.2897 range is initial support/resistance

gbp nov 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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