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Jan 03 - 08:55 PM

GBP/USD - REFILE-BUZZ-GBP/USD-Opens Lower With Risk, As Signals Roll Over

By Andrew M Spencer  —  Jan 03 - 06:40 PM

Adds chart

  • Steady after closing down 0.7% amid broad based risk off USD strength

  • Strikes rampant across the UK nL8N33O1B5 - will impact Q1 economy

  • PM Sunak to set out priorities tonight, responds to critics nL8N33O3P9

  • Important that the PM inspires confidence in these very tough times

  • Charts; daily momentum studies conflict and 21 day Bollinger bands expand

  • 5, 10 & 21 day moving averages ease, setup suggests base the weak side

  • 1.1889 lower 21 day Bollinger band held, and 1.2136 21 DMA likely contain

  • 1.1900 London low and 1.2057 London high are initial support, resistance

    For more click on FXBUZ























Source:
Refinitiv IFR Research/Market Commentary

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