Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 20 - 11:55 PM

GBP/USD - 1.3160 Support Exposed, As Omicron Drains Optimism

By Andrew M Spencer  —  Dec 20 - 10:11 PM

  • Steady at the top of a 1.3196-1.3211 range with only occasional interest

  • UK businesses feel the pressure as Omicron expands - Lloyds nL8N2T53L1

  • Omicron drag on the economy remains uncertain, but is surely growing

  • Techs; 5, 10 & 21 day moving averages ease, 21 day Bolli bands contract

  • Momentum studies show mixed signals - net bearish setup above key support

  • Well tested 1.3166, 38.2% of the 2020-2021 rise remains the pivotal level

  • 1.3160 break would target 1.2830/55, 50% 2020/21 rise & Nov 2020 base

  • Asian 1.3196 low and NY 1.3243 high are initial support and resistance

For more click on FXBUZ


gbp 2 dec 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!