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Thomson Reuters
Feb 12 - 06:12 AM
GBP/USD - Up To Eye Fibo Resistance Again Pre-Vlieghe
First appeared on eFXplus on Feb 12 - 04:05 AM
  • Cable met fresh headwind ahead of 1.3879 after rallying off 1.3825
  • 1.3825 was early Europe low. 1.3879 = 38.2% of 1.4067 to 1.3764
  • The Fibo resistance level was first threatened in Asia nL8N1PZ453
  • Latest 1.3879 threat influenced by a rise in risk appetite
  • S&P E-mini is currently +1.15% having been +0.6% at 0705GMT
  • BoE MPC member Vlieghe due to speak about UK household debt at 0930GMT

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Source:
Thomson Reuters IFR Markets
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