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Nov 09 - 11:55 PM

GBP/USD - Asia Wary - UK GDP Leads A Raft Of Key Data

By Andrew M Spencer  —  Nov 09 - 10:15 PM
  • Unchanged at the top of a 1.2213-1.2225 range with modest interest on D3

  • A raft of UK data, led by GDP, industrial production and construction

  • Data will give a good snapshot of the health of the UK economy

  • Charts; Thursday's bearish outside day confirmed by a close under 1.2220

  • Momentum studies conflict, 5, 10, and 21-day moving averages coil

  • 21-day Bollinger bands flat line - neutral setup suggests consolidation

  • This week's 1.2428 high and 1.2435 200-day moving average a viable range top

  • The 1.2198 21 DMA, and then the 1.2096 November low are initial supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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