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Aug 31 - 02:55 AM

GBP/USD - Halted By Keen Chart Barrier Even As US Yields Slip

By Ewen Chew  —  Aug 30 - 11:40 PM
  • GBP/USD backpedals to 1.2725 from Thursday peak 1.2735

  • Range of 1.2711-1.2735 so far, with topside still capped

  • Ichimoku cloud resistance at 1.2726 again deflects rally

  • But another push up possible as UST yields slip; 10y 4.112%

  • Fed's Rosengren said hikes may end as economy slows nL4N3AB44G

  • China's factory PMI beat, but still in contraction nL4N3AC0R9

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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