Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 29 - 08:55 PM

GBP/USD - Upbeat "Growth Corridor", And Short-Term Charts

By Andrew Spencer  —  Jan 29 - 07:15 PM

• Up 0.1% after closing steady with the U.S. dollar up 0.05%

• UK Fin Min Reeves puts a new Heathrow runway at the heart of her growth push

• Runway needed for the "growth corridor" between Oxford and Cambridge

• It is a bold plan, but successful implementation will be fundamental

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

• 5 & 10-DMAs climb, weeklies remain bearish - a positive short-term bias

• Wednesday's 1.2394 low, and then the 1.2353 21-DMA are initial supports

• Targets a test of the 1.2575 Jan 7 high, and then the 1.2616 2025 top

Close below the 1.2353 21-day moving average would end the topside bias
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2025 eFXdata · All Rights Reserved
!