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Jan 31 - 06:12 AM

GBP/USD - Extends North To Fresh One-Week High By Cloud Top

By Rob Howard  —  Jan 31 - 04:15 AM
  • Cable eyes 1.3143 after extending north from 1.2979 (Thursday's low)

  • 1.3143 is the daily cloud top nL1N2A005R. 1.3141 = one-week high

  • GBP continues to benefit from Thursday's BoE rate hold nL8N29Z4VJ

  • Bull targets include 1.3180 (Jan 24 high) and 1.3210 (Jan 7 high)

  • 1.3110 (Thursday's peak) is now a support level. 1.3106 was Asia high

  • Jump in GBP before BoE decision prompts questions nL8N2A01YRnL1N29Z0AJ

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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