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Jun 23 - 03:55 AM

GBP/USD - Respects Fibo Resistance Level Before UK Flash PMIs

By Rob Howard  —  Jun 23 - 02:25 AM
  • Cable has held below 1.3963 thus far Wednesday: 1.3924-1.3955 defines range

  • 1.3963 was Tuesday's high after USD fell on dovish Powell nL2N2O31WU

  • 1.3963 = 38.2% Fibo of 1.4250 (June 1 high) to 1.3787 (Monday's 9-week low)

  • UK June flash PMIs due 0830GMT, service PMI forecast 63 nL2N2O41AW

  • Gove: Johnson won't allow Scottish referendum before next election-Telegraph

  • See: nL3N2O43PR. Another UK by-election next week (July 1) nL2N2O30N0

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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