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Oct 18 - 02:55 AM

GBP/USD - Takes Out 1.1400 Barrier As BOE Said To Delay QT

By Ewen Chew  —  Oct 18 - 12:40 AM
  • GBP/USD rises to 1.1410, above psych barrier, may turn bullish

  • Crossing into daily Bollinger uptrend channel at 1.1352

  • If it breaches 50 DMA resistance at 1.1487, shorts will cover

  • Just above that, 61.8% Fibo at 1.1531 becomes a target

  • Risk bounce gains momentum on FT report on BOE nFWN31I3IQ

  • BOE likely to delay quantitative tightening till gilts calm

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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