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Nov 09 - 10:55 PM

GBP/USD - Bid On USD Weakness After Resilient To USD Strength

By Andrew M Spencer  —  Nov 09 - 10:10 PM
  • +0.25% - USD led, as Tokyo counter traded the 2% Monday USD/JPY bounce

  • UK consumer spending wilts despite stockpiling for lockdowns nL9N2DP00I

  • UK report - vaccine scepticism may undermine COVID-19 fight nL8N2HV7J8

  • Charts; momentum studies, 5, 10 & 21 DMAs track north - bullish setup

  • Rising 1.3205 upper 21 day Bolli band continues to cap on close

  • Next significant resistance is 1.3291, 76.4% of the September fall

  • Close below 1.3023, 21 DMA needed to undermine the topside bias

  • Jobs lead UK data - see chart for RTRS polls

    For more click on FXBUZ

uk data nov 10 Click here

gbp 2 nov 10 Click here

Source:
Refinitiv IFR Research/Market Commentary

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