Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Jul 08 - 11:00 PM
GBP/USD - More Soft Data, Retail This Time, Leaves GBP Heavy
First appeared on eFXplus on Jul 08 - 07:50 PM
  • Flat after opening off 0.1%, after a tight range and inside day
  • Brexit uncertainty hit the UK retail sector hard nL9N20202P
  • Charts show neutral momentum studies, 5, 10 & 21 daily and weekly MAs fall
  • Bearish setup initially targets 1.2409 flash crash and 2019 low
  • Close above 1.2633 falling 21 DMA needed to undermine the downside bias
  • NY 1,2500 low and London 1.2540 high are initial support/resistance

gbp jul 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!