Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 07 - 10:55 PM

GBP/USD - Bid With The Softer USD - Risk Remains Buoyant

By Andrew M Spencer  —  Dec 07 - 10:27 PM

  • +0.15%, as safe haven USD eases as regional stocks climb, E-mini S&P +0.35%

  • Trades at the top of a 1.3238-1.3254 range with decent morning interest

  • U.S. became UK's biggest finance customer in run up to Brexit nL8N2SS4NQ

  • UK Gov't financial market strategy post Brexit key for the industry in 2022

  • Charts; 5, 10 & 21 day moving averages fall, 21 day Bollinger bands contract

  • Close above 1.3351 falling 21 day moving average needed to end downtrend

  • Bearish setup targets a test of 1.3166, 38.2% of the 2020-2021 rise

  • Asian 1.3238 low supports, 1.3282 10 DMA which has capped, is resistance

For more click on FXBUZ


gbp 2 Dec 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!