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Jul 25 - 12:12 AM
GBP/USD - Escapes Downtrend But Not Out Of The Woods Yet
First appeared on eFXplus on Jul 24 - 10:50 PM
  • GBP/USD has escaped the daily Bollinger downtrend channel
  • Thurs close below 1.2455 would reinstate that bearish cue
  • But it's not all roses for GBP bulls as a few barriers loom
  • 20 DMA resistance at 1.2525 is first, then Fibo at 1.2573
  • ECB decision today could alter BOE's non-dovish bias nL8N24O50F
  • UK's new fin minister eyes no-deal Brexit tax breaks nL8N24P5S7

GBP: Click here

Source:
Refinitiv IFR Research/Market Commentary

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