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Jan 30 - 02:36 PM

GBP/USD - Tests Fibo After Retreat From BoE Hold-Spurred High

By Rob Howard  —  Jan 30 - 10:10 AM
  • Cable tests 1.3078 after retreating from an intra-week high of 1.3109

  • 1.3109 was notched during Carney briefing after unchanged BoE rate decision

  • See: nL1N29Z0G5nL8N29Z4VJ. 1.3078 is 38.2% Fibo of 1.2979-1.3109

  • 1.2979 = early Ldn low nL1N29Z09F. 1.3066 is an additional support level

  • 1.3066 was Wednesday's high -- and the traded high seconds before 1200GMT

  • See: nL1N29Z0AJ. 51% of Scots now back independence - poll nL8N29Z602

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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