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Feb 12 - 08:55 PM

GBP/USD - Slips, As The Bearish Technical Outlook Caps

By Andrew M Spencer  —  Feb 12 - 06:40 PM

  • Off 0.1% after closing down 0.5%, amid broad based safe haven USD strength

  • UK firefighters' union recommends members accept new pay offer

  • Will this be the start of more deals on public sector pay negotiations?

  • End game near for a N.Ireland protocol negotiations - key for sterling

  • Charts; 10 & 21 day moving averages head lower, 21 day Bolli bands expand

  • Momentum studies conflict, net bearish setup after resent consolidation

  • 1.1984, 76.4% 2023 rise held on the close last week - resilient support

  • 1.2135/37 - 10 DMA capped last week and London top Friday are resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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