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Feb 13 - 03:55 PM

GBP/USD - Stalls Near 10-DMA Resistance Ahead Of Upcoming US, UK Price Data

By Paul Spirgel  —  Feb 13 - 01:45 PM
  • GBP$ by session high into NY cls, +0.6% at 1.2133; NY range 1.2145-1.2059

  • USD longs pared ahead of key CPI release Tuesday, UST 2-10s flatter at -82

  • Sterling steadies ahead of upcoming US, UK inflation data nL1N34T1BF

  • Pair flirts w/10-DMa res at 1.2142, just above daily cloud top

  • Further res at 55-DMA 1.2183, 50% Fib of 1.2448-1.1962 at 1.2205

  • Close abv 1.2205 eyes 21-DMA at 1.2253 and return to mid-Jan highs abv 1.24

  • EUR/GBP ends NY -0.3% at 0.8833, Mon range 0.8874-23; EUR longs lighten Pre- US, UK CPI Mon-Tues

Source:
Refinitiv IFR Research/Market Commentary

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