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Nov 14 - 01:55 PM

GBP/USD - Bulls Take A Breather Ahead Of Upcoming Jobs, CPI Data

By Paul Spirgel  —  Nov 14 - 01:25 PM
  • GBP$ shies away from Friday high, -0.6% at 1,1760; Mon range 1.1829-1.1714

  • USD broadly bid after Fed's Waller, Brainard tout Fed hikes

  • Sterling longs lighten ahead of key data, policy statement this week

  • GBP$ back w/in Bolli envelope, supt at 1.1713 Mon low, 100-DMA 1.1657

  • Resistance Upper 30-d Bolli 1.18, Mon High 1.1829; 1.1876 30-WMA

  • Bulls gain momentum above 1.2038, 50% of 1.3749-1.0327

  • EUR/GBP +0.46% at 0.8783, Mon range 0.8822-0.8730; GBP weak pre-jobs data Tues, CPI Wednesday

Source:
Refinitiv IFR Research/Market Commentary

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