By Paul Spirgel — Aug 08 - 01:45 PM
GBP$ higher in NorAm afternoon, +0.46% to 1.2747; Thurs range 1.2747-1.2666
Pair holds near high aided by below-f/c claims data, ebbing recession fears
3rd test of 100-DMA supt by 1.2684 fails, less rate volatility props up risk
GBP$ above daily cloud (1.2716-1.2641), bulls target falling 10-DMA 1.2786
Res at falling 10-DMA, 1.2829 50% Fib of 1.3044-1.2613, 21-DMA 1.2865
Note bearish cross, 10-DMA thru longer term DMAs dents the bullish structure
Supt 1.2703 30-HMA, 1.2666 Thursday close, 1.2661 200-DMA
Source:
Refinitiv IFR Research/Market Commentary