Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Oct 19 - 01:55 AM

GBP/USD - Mixed Signals - Fed Speeches To Drive The Next Move

By Andrew M Spencer  —  Oct 18 - 11:00 PM
  • -0.05% in a tight but occasionally busy 1.2132-1.2146 range in Asia on D3

  • UK should consider raising BoE inflation target to 3%, think tank says

  • The Resolution Foundation believes a higher target will increase flexibility

  • No UK data, but Fed Chair Powell leads a slew of Fed member speeches

  • Charts; 5, 10 & 21-day moving averages ease, momentum studies flat line

  • 21-day Bollinger bands contract- mixed signals suggest further consolidation

  • Neutral setup leaves last week's 1.2337 high as the first major resistance

  • 1.2038, the October trend low remains the initial key support

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved