Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 23 - 08:36 PM
GBP/USD - Election Euphoria Evaporates, Back At Familiar Levels
First appeared on eFXplus on Dec 23 - 06:15 PM
  • Touch firmer after closing off 0.3%, as hard Brexit fears continue to weigh

  • Price is back in the six week 1.2770/1.3010 range seen in October-November

  • Range should hold into 2020 unless there is a major market surprise

  • Negative momentum studies, bearish 5 DMA cross of 10 and 21 DMAs is bearish

  • Initial significant support at 1.2822 late November daily range base

  • Rejection of the upper 21 day Bolli Tuesday targets 1.2806 lower band

  • NY 1.2905 low and London 1.3029 high are initial support and resistance

gbp dec 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!