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Jan 10 - 08:55 PM

GBP/USD - Positive Setup, As Johnson's Problems Continue

By Andrew M Spencer  —  Jan 10 - 07:10 PM

  • Steady after closing off 0.15%, as the USD bounced after Friday's fall

  • UK PM's staff invited to 'bring your own booze' party during COVID lockdown

  • Fuels impression there is one rule for the PM and another for the people

  • As Omicron runs rampant - PM's failings could cost him his job nL1N2TQ26T

  • Charts; 5, 10 & 21 day moving averages, plus 21 day Bollinger bands climb

  • Momentum studies edge higher - positive trending setup remains in place

  • Break above 1.3580 opens the door to a test of 1.3834 Oct/Nov range high

  • Sustained 1.3536 10 DMA break, a recent base will undermine topside bias

For more click on FXBUZ


gbp jan 11 Click here

Source:
Refinitiv IFR Research/Market Commentary

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