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Dec 16 - 10:55 PM

GBP/USD - Potential Headache For PM Johnson - Charts Support

By Andrew M Spencer  —  Dec 16 - 10:11 PM

  • +0.05% at the top of a very tight1.3322-1.3330 range with moderate interest

  • UK's Liberal Democrats predict major upset in by-election vote nL1N2T203T

  • If confirmed in safe Conservative seat - will pile pressure on PM Johnson

  • Omicron and inflation chip away at UK consumer confidence - GfK nL8N2T1653

  • Techs; 5, 10 & 21 day moving averages conflict, 21 day Bolli bands contract

  • Neutral setup, but the close above 1.3293 21 DMA targets 1.3417 upper Bolli

  • Well tested 1.3166, 38.2% of the 2020-2021 rise remains pivotal support

  • London 1.3259 low and NY 1.3375 high are initial support and resistance

For more click on FXBUZ


gbp 2 dec 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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