Welcome Guest:
Sign Up
A Data Partner of:
Refinitiv
Sep 11 - 03:48 AM
GBP/USD - Likely USD-Led - Parliament Closed And Little Data
First appeared on eFXplus on Sep 10 - 11:20 PM
  • Off 0.1% with a slightly firmer USD at the base of a 1.2342-1.2361 range
  • Light GBP flow in Asia - EUR/GBP +0.17%, traded a tight 0.8942-0.8951
  • Parliament is closed - focus will be on election and Brexit deal speculation
  • No UK data today, so GBP will likely be driven by USD volatility
  • Daily charts support, as momentum studies, 5, 10 & 21 DMAs head north
  • Break of this week's 1.2385 high would target 1.2469, 61.8% Jun-Sept fall
  • London 1.2307 low and earlier 1.2361 Asian high initial support/resistance

gbp2 sep 11 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
!