Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 15 - 11:55 PM

GBP/USD - Trends North With Risk Appetite, Next Stop 1.4000

By Andrew M Spencer  —  Feb 15 - 09:53 PM
  • +0.2% - USD led - E-mini S&P +0.65% and 10yr UST yields +3bp to 1.242%

  • Trades at the top of a busy 1.3904-1.3946 range with buoyant risk appetite

  • Britain may need big COVID-19 related tax rises, but not yet nL8N2KL2R6

  • Too many variables on the vaccine led recovery to make confident calls

  • Charts; 5, 10 & 21 daily weekly and monthly moving averages climb

  • Trending setup - 1.39013 upper 21 day Bolli suggests buying dips not breaks

  • Psychological 1.4000, then 1.4303, 50% 2014-2020 fall are first resistance

  • Earlier 1.3904 low then Friday's 1.3852 NY close Friday initial support

For more click on FXBUZ


gbp 2 feb 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!