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Oct 05 - 11:55 PM

GBP/USD - Good Resistance Above 1.3000 - USD Leads Next Move

By Andrew M Spencer  —  Oct 05 - 10:50 PM
  • Touch firmer in a low key Asian FX session with a 1.2982-1.2996 range

  • Brexit talks are key for sterling, but the USD is driving cable

  • PM Johnson set to announce a wind-driven recovery from pandemic nL4N2GW2XS

  • Charts; 5, 10 & 21 DMAs conflict, while momentum studies edge higher

  • Modest positive setup - 1.3008 mid September range high initial resistance

  • 1.3056 falling 21 DMA, a good indicator of an overbought market caps

  • 1.2964 NY afternoon low then early London 1.2900 base first support

  • 1.3000-10 400M, 1.3060 180M and 1.3100 250M strikes provide resistance

For more click on FXBUZ


gbp 2 oct 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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