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Jan 07 - 06:55 AM

GBP/USD - Reclaims 1.36 Handle As Biden Win Certified

By Rob Howard  —  Jan 07 - 04:35 AM
  • Cable ran into resistance just shy of 1.3631 after rallying off 1.3565

  • 1.3631 was Asia high (1.3629 was high after U.S. ADP data miss Wednesday)

  • 1.3565 = intra-day low (1.3536 was Wednesday's one-week low) nL1N2JI0IT

  • More offers expected near 1.3671 and 1.37 if GBP/USD extends north

  • 1.3671 was Wednesday's high on Georgia news. 1.3703 = 32-month high Monday

  • Congress certifies Biden win hours after Capitol Hill assault nL1N2JI0JO

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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