Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 19 - 11:55 PM

GBP/USD - Resilient Amid Broad Uncertainty, As Range Extends

By Andrew M Spencer  —  Oct 19 - 11:05 PM
  • Little changed in a tight 1.2937-1.2957 range, but decent interest

  • Poll- UK's economic recovery faltering, BoE to step up spending nL4N2HA2UD

  • Sterling is holding up well considering the sombre winter economic outlook

  • UK plans one-hour COVID-19 airport tests to reopen travel Times nL8N2HA6R7

  • Charts; momentum studies flat line, 5, 10 & 21 DMAs conflict - neutral setup

  • Close below 1.2898 21 DMA would be bearish - targets a 1.2709 200 DMA test

  • Resistance around 1.3080, 50% Sep fall, upper 21 day Bolli & last week's top

  • Monday's 1.2888 Asian low and NY 1.3024 high are initial support-resistance

For more click on FXBUZ



gbp 2 oct 20 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
© 2020 eFXdata · All Rights Reserved
!