Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 24 - 04:55 AM

GBP/USD - It Will Take A Big Change For GBP/USD To Break Much Higher

By Jeremy Boulton  —  May 24 - 02:40 AM
  • Ahead UK split with EU base of GBP/USD range was around 1.40

  • Since split with EU the peak of the ranges was around 1.45

  • After UK policies created bond turmoil the range dropped again

  • GBP/USD almost reached parity and highest traded since is 1.3144

  • Peak of monthly Ichimoku cloud and 100-MMA defined the 1.3144 high last year

  • Break over monthly cloud 1.2895-1.3008 & 100-MMA 1.2972 may be game changing

  • Balanced UK/US int/rates lessen chance of sustained rise above 1.3144

  • Big rise for trade-weighted pound will support an upside test

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!