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Jan 12 - 01:55 AM

GBP/USD - Fresh Trend High With Decent Flow - 1.3675 In Sight

By Andrew M Spencer  —  Jan 11 - 10:25 PM

  • +0.08% at the top of a 1.3628-1.3645 range - USD a touch softer

  • Fresh trend high in Asia, amid decent interest ahead of U.S. CPI

  • Clouds on sterling's horizon, but uptrend is strong nL1N2TS005

  • Charts; 5, 10 & 21 day moving averages, plus 21 day Bollinger bands climb

  • Momentum studies edge higher, which is strong positive trending setup

  • Break above 1.3600 opens the door to a test of 1.3675, 76.4% Oct/Dec fall

  • Sustained 1.3557 10 DMA break, a recent base would undermine topside bias

  • Asian 1.3628 low first support and 1.3675 76.4% Fibo resistance

For more click on FXBUZ


usd jan 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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