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Nov 07 - 10:55 PM

GBP/USD - Eases After Thursday's Bounce - UK Jobs Market Cools

By Andrew M Spencer  —  Nov 07 - 10:05 PM
  • Off 0.1% in a 1.2965-1.2988 range, busy early then quiet on FX Matching

  • Low key end to the week in Asia after a hectic period of major event risk

  • The UK's jobs market showed further signs of cooling in September

  • There is no UK data today, so risk appetite and the USD to lead sterling

  • Charts - daily momentum studies rise, 21-day Bollinger bands gently contract

  • 5, 10 & 21-day moving averages coil - signals show no real bias

  • Thursday's 1.2877 low then this week's 1.2835 base are initial supports

  • Last week's 1.3043 high capped - 1.3103 Oct 15 top is next resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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