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Apr 29 - 07:55 AM

GBP/USD - Respects Asian Session Range After Fed-Spurred Lift

By Rob Howard  —  Apr 29 - 05:54 AM
  • Cable elicited support by 1.3935 (Asia low) after retreating from 1.3970

  • 1.3970 was high at 0748GMT, nine pips shy of nine-day high in Asia

  • Rise to 1.3979 spurred by dovish Fed nL1N2MM0HQnL1N2ML39UnL1N2MM01S

  • 1.3922 (Wednesday's pre-Fed high) and 1.3900 are support points below 1.3935

  • There are 1.3960-65 option expiries today (closest-to-market) nL1N2MM0D7

  • British workers move off furlough as economy reopens nL8N2MM4LY

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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