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Jan 06 - 08:55 PM

GBP/USD - 1.3700 Remains Resilient - All Eyes On The USD

By Andrew M Spencer  —  Jan 06 - 06:25 PM
  • Flat, closed -0.1% in a choppy session - drama in Washington nL1N2JH25T

  • London will be overwhelmed by COVID-19 in a fortnight - HSJ nL4N2JH3WP

  • UK PM Johnson says lockdown will be slowly unwrapped nL8N2JH2D9

  • Control of the coronavirus is key for a timely economic recovery

  • Charts; neutral momentum studies, 5, 10 & 21 daily weekly & monthly MAs rise

  • Positive setup - 1.3677, 76.4% 2018-2020 fall key resistance on the close

  • Close below 1.3497 21 DMA, a base last week, would end topside bias

  • NY 1.3536 low and London 1.3671 high are initial support-resistance

For more click on FXBUZ


gbp jan 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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