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Refinitiv
Aug 25 - 09:55 PM

GBP/USD - Familiar Levels, But A Breakout Approaches

By Andrew M Spencer  —  Aug 25 - 07:40 PM
  • Flat after closing up 0.65%, as the USD weakened with buoyant risk appetite

  • Cambridge university aims for coronavirus vaccine autumn trials nL8N2FR4XL

  • Techs; 5, 10 & 21 DMAs rise, momentum studies slide - neutral setup

  • Upper 21 day Bolli capped last week and resistance today at 1.3209

  • This week's1.3054 low then 1.2982 August base are key supports

  • 21 day Bolli bands are tight and contracting - a breakout approaches

  • Sustained Bolli break should be directional - little bias on the break

  • NY 1.3114-1.3169 range is initial support-resistance

For more click on FXBUZ


gbp aug 26 Click here

Source:
Refinitiv IFR Research/Market Commentary

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