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Aug 25 - 01:55 AM

GBP/USD - Soft On USD Strength As Recent Risk Rebound Cools

By Andrew M Spencer  —  Aug 24 - 11:39 PM

  • Off 0.1% at the base of a 1.3715 - 1.3731 range - USD weighed as risk cooled

  • USD leads cable at present - likely to continue into Aug 27th Jackson Hole

  • U.S. scrambles to complete Afghanistan pullout by Aug 31 nL1N2PV159

  • Charts; 21 day Bolli bands, 5, 10 & 21 daily & weekly moving averages slide

  • Daily momentum studies conflict - bearish setup, despite this week's bounce

  • Fall targets a test of 1.3572 July trend base, with 1.3451 2021 base below

  • 1.3744/47, 10 day moving average and 38.2% July-August fall caps

For more click on FXBUZ


gbp 2 aug 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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