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Feb 08 - 10:55 PM

GBP/USD - Steady Into BOE Treasury Committee Testimony

By Andrew M Spencer  —  Feb 08 - 10:15 PM

  • 0.1% higher with risk at the top of a 1.2063-1.2082 range - quiet on D3

  • UK housing market hit by widest prices falls since 2009- RICS

  • No real shock, as yields rise and the cost of living crisis bites

  • BOE testimony to Parliament's Treasury Committee event risk in London

  • Charts; 5, 10 & 21 day moving averages head lower, 21 day Bolli bands expand

  • Neutral momentum studies, bearish setup - 1.1997 lower 21 day Bolli holds

  • 1.1984, 76.4% of the 2023 rise held on the close - resilient support

  • 1.2108 London high then 1.2193 10 day moving average are initial resistance

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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