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Aug 17 - 05:55 AM

GBP/USD - Respects 200DMA After Drop To Three-Week Low

By Rob Howard  —  Aug 17 - 03:48 AM
  • Cable hit 1.3787 at 0703GMT as lower bond yields hurt risk-sensitive GBP

  • See: nL4N2PO1PBnL8N2PO1JQ. 1.3787 is the lowest level since July 27

  • 1.3787 is also three pips shy of the 200-day moving average nL1N2PO0DU

  • Support points below the 200DMA include 1.3768 (July 27 low) and 1.3750

  • 1.3828 (Monday's low) is now a resistance level. 1.3845 was Asia high

  • UK payrolls move closer to pre-pandemic level, pay jumps nL8N2PO14B

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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