Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 16 - 11:55 PM

GBP/USD - Softer As Risk Appetite Sours - Budget Pivotal

By Andrew M Spencer  —  Nov 16 - 10:40 PM

  • Off 0.35%, as risk appetite sours in Asia, driving the USD higher

  • Trades at the base of a 1.1867-1.1918 range with modest D3 interest

  • Hunt's UK budget likely to be "tough but necessary" nL8N3280FL

  • Techs, daily momentum studies conflict, 5, 10 & 21 day moving averages climb

  • 21 day Bollinger bands expand - a strong positive technical setup

  • 1.2038, 50% 2022 fall capped Tuesday, break targets 1.2291 August high

  • NY 1.1833 low and Asia's 1.1918 high initial support, resistance

  • Sterling upbeat into UK budget - 1.2300 an opportunity

For more click on FXBUZ


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
!