Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 08 - 10:55 PM

GBP/USD - Heavy On The Firmer USD - 1.3160 Test Beckons

By Andrew M Spencer  —  Dec 08 - 10:12 PM

  • -0.1% trades at the base of a 1.3193-1.3210 range with moderate interest

  • Economists split on Dec rate rise, no change narrow favourite nL8N2ST2K1

  • Starting pay up by a record, as candidate shortages squeeze nL8N2ST1RV

  • Charts; 5, 10 & 21 day moving averages fall, 21 day Bollinger bands expand

  • Close above 1.3339 falling 21 day moving average needed to end downtrend

  • Bearish setup targets a break of 1.3166, 38.2% of the 2020-2021 rise

  • 1.3160 break targets 1.2830/50, Nov 2020 range support and 50% 2020-21 rise

  • Charts and 'Plan B' suggest further sterling losses nL1N2SU00D

For more click on FXBUZ


gbp 2 Dec 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
© 2022 eFXdata · All Rights Reserved
!