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Oct 22 - 03:55 PM

GBP/USD - Bullish Fervor Tempered Awaiting Further Brexit, US Aid Talks

By Paul Spirgel  —  Oct 22 - 01:40 PM
  • GBP/USD ending NorAm -0.39% at 1.3095, NorAm range 1.3152-1.3071

  • Stalled UK-EU Brexit talks, US congress foot-dragging on aid boosts USD

  • Sterling pauses after scorching rally, eyes cloud top support nL1N2HD0TY

  • Pair bounced ahead of daily cloud top support (1.3069), firms into NY close

  • Move into cloud puts 55-DMa at 1.3018 in view, then Oct 27 twist 1.2980 area

  • Resistance at 1.3117, the upper 30-d Bolli, then 1.3177 Oct 21's trend high

  • EUR/GBP flat on day, trades 0.9046-16 Thursday; cross steady ahead of further Brexit talks

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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