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Thomson Reuters
Dec 31 - 06:12 AM
GBP/USD - Ascends To Three-Week Peak As Year-End Looms
First appeared on eFXplus on Dec 31 - 03:35 AM
  • Short-covering helps inflate cable to 1.2745 after 1.2708 vaulted
  • 1.2708 was Friday's high and the Asian session top. 1.2745 = three-week peak
  • 1.2745 approximates to 38.2 pct of 1.3176 (Nov high) to 1.2477 (Dec 12 low)
  • Resistance levels beyond 1.2745 include 1.2758 (Dec 10 high) and 1.28
  • 1.2739 was the Xmas Eve high, with 1.2616 marking the post-Xmas low (Dec 27)
  • Fox: '50-50' chance Brexit may be stopped if MPs reject deal nL8N1YY0KU

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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