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Feb 16 - 08:55 AM

GBP/USD - Gets Acclimatised To Life On A 1.39 Handle

By Rob Howard  —  Feb 16 - 06:59 AM
  • Cable has traded a 34 pip range since the London open, 1.3907-1.3941

  • Those parameters are within today's 1.3904-1.3955 Asian session range

  • 1.3955 marks the highest level since April 2018 nL1N2KM0CY

  • Offers expected pre-1.40 (option barrier level) if GBP/USD extends north

  • See: nL1N2KM0CK. 1.4377 (April 2018 top) is among bull targets beyond 1.40

  • IMM speculators recently upped net GBP long to 11-month high nL1N2KL0DC

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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