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Jun 24 - 12:12 PM
GBP/USD - Respects Fibo Support Level After Half-Cent Fall
First appeared on eFXplus on Jun 24 - 10:15 AM
  • Cable elicited support near 1.2705 after dropping from 1.2761 (early NY top)
  • 1.2705 = 23.6% Fibo of 1.2507 (June 18, 23-week low) to 1.2766 (1-mth high)
  • Drop followed 3rd failure to break 1.2768 Fibo resistance level
  • Fed expectations and Brexit are key influences over USD and GBP respectively
  • Trump says Fed "blew it" . Key Brexit crisis dates nL8N23V3UF
  • Pound gets closer to its recent 22-week low versus the euro

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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