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Jun 26 - 03:55 AM

GBP/USD - Is Like A Coiled Spring As The Weekend Approaches

By Rob Howard  —  Jun 26 - 02:40 AM
  • Cable has traded a modest 23 pip range thus far Friday, 1.2413-1.2436

  • Those parameters are well within Thursday's 1.2390-1.2464 range

  • 1.2390 = three-day low, five pips shy of 76.4% Fibo of 1.2337-1.2541

  • 1.2337 was Monday's three-week low. 1.2541 was Wednesday's high

  • EU-UK trade talks resume next week nL8N2E24TRnL1N2E207I

  • U.S. election adds another twist to sterling's blues nL8N2E15MG

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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