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Apr 17 - 03:55 AM

GBP/USD - Respects 1.32 Support After Drop On Hawkish Powell

By Robert Howard  —  Apr 17 - 02:36 AM

• Cable respects 1.3200 support point as dollar benefits from hawkish Powell

• 1.3200 is a former resistance level (1.3201 was Monday's high)

• Sub-figure support points include 1.3146 (April 11 high) and 1.3125

• Offers pre-1.33 capped GBP/USD at six-month high on Wednesday

• There is a decent size 1.3300 option expiry for the pre-Easter NY cut

• BlueBay is short USD. Raft of U.S. data due at 1230 GMT; claims f/c 225k

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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