Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 29 - 10:55 PM

GBP/USD - Fresh Trend High, With Risk Gently Bid

By Andrew M Spencer  —  Dec 29 - 10:07 PM

  • +0.1% in a tight 1.3492-1.3505 range - solid interest once Asia fully opened

  • Modest risk on in Asia - GBP/JPY +0.15%, AUD/JPY +0.25%, E-mini S&P flat

  • No significant UK news in Asia, COVID-19 fight front and centre nL8N2TE11Q

  • Charts - 5, 10 & 21 day moving averages climb, 21 day Bollinger bands expand

  • Trending setup targets a break of 1.3497, 50% of the October-December fall

  • Close above 1.3500 would open the door to 1.3576, 61.8% Oct-Nov fall

  • Sustained break of 1.3371 10 DMA needed to undermine the topside bias

  • NY afternoon 1.3469 low and Asian 1.3505 high initial support and resistance

    For more click on FXBUZ


gbp 2 dec 30 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
© 2022 eFXdata · All Rights Reserved
!