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Feb 07 - 11:55 PM

GBP/USD - Range High In View, Sterling Resilient, But USD Leads

By Andrew M Spencer  —  Feb 07 - 10:28 PM
  • -0.05% in the middle of a 1.3712-1.3742 range - flow early then quiet

  • UK says COVID-19 booster and annual vaccinations very probable nL1N2KD05R

  • Brexit trade problems may be much worse than government thinks nL8N2KD091

  • Charts; 5, 10 & 21 daily moving averages, momentum studies edge higher

  • 1.3759 2021 Jan/Feb range high caps, positive signals normal at range highs

  • Last week's bounce off 1.3569 61.8% 2021 rise makes this the key support l

  • Setup suggests 1.3760 range top should hold unless a significant USD fall

  • 1.3666-68, Friday's low and 21 daily moving average first major support

For more click on FXBUZ


gbp 2 feb 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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