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May 24 - 05:55 AM

GBP/USD - Supported Pre-1.4100 Again After Half-Cent Fall

By Rob Howard  —  May 24 - 05:03 AM
  • GBP/USD elicited fresh support ahead of 1.4100 after sliding from 1.4171

  • 1.4171 = early London intra-day high. 1.4100 was last Wednesday's low

  • Bids pre-1.41 also propped cable on Thursday (before rise to 1.4233 Friday)

  • Stops may be sheltering below 1.4100 (with more stops expected below 1.4000)

  • 1.4141 (pre-weekend low) is now a GBP/USD resistance level nL2N2NB0AK

  • MPC quartet to address UK TSC from 1430GMT re: BoE MPR nL2N2NB0BX

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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