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Nov 28 - 08:55 PM

GBP/USD - Resilient This Week - Strong Close Will Be Positive

By Andrew M Spencer  —  Nov 28 - 06:35 PM
  • Steady after closing up 0.05%, resilient with the U.S. dollar +0.05%

  • UK finance minister Rachel Reeves delays the spending review until June

  • Tough choices face the government as it looks to invest in healthcare etc

  • Second-tier UK data- BoE Gov Bailey speaks on the Financial Stability Report

  • Charts - daily momentum studies base, 21-day Bollinger bands ease

  • 5, 10 & 21-day moving averages coil - the negative setup is now neutral

  • Wednesday's 1.2569 low, then the 1.2475 Nov trend low are initial supports

  • A close above last week's 1.2713 high would be positive for next week

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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