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Sep 05 - 09:55 PM

GBP/USD - Holds Last Week's Gains - COVID-19 Battle Continues

By Andrew M Spencer  —  Sep 05 - 07:36 PM

  • Steady after closing up 0.2% on Friday - 1.3893, 76.4% Jul/Aug fall caps

  • UK - 'cold mistrust' if EU does not move on N.Ireland trade nL1N2Q60AI

  • Britain refuses to fully implement the Brexit deal it freely signed

  • Battle with COVID-19 continues with cases up 2.4% last week nL9N2OD021

  • Charts; 21 day Bollinger bands contract, 5, 10 & 21 DMAs coil- neutral setup

  • August rejection of lower 21 day Bolli and Thursday's 1.3782 21 DMA break

  • Rise targets falling 1.3920 upper 21 day Bollinger band, as in July/August

  • London 1.3818 low and NY 1.3890 high are initial support and resistance

For more click on FXBUZ


gbp Sep 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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