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Thomson Reuters
Apr 25 - 12:12 PM
GBP/USD - Helped Off 10-Week Low By Profit-Taking On USD Longs
First appeared on eFXplus on Apr 25 - 10:00 AM
  • Cable helped to 1.2906, from 1.2866, by some profit-taking on USD longs
  • 1.2866 was fresh 10-week low in early NY trade (1.2871 was Ldn am low)
  • Scope for more profit-taking on USD longs if US Q1 GDP below 2.1 f/c Friday
  • GBP/USD resistance levels include 1.2915, 1.2945 and 1.2965 (200DMA)
  • Offers just shy of 1.2965 capped cable Wednesday--before drop to 1.2887
  • UK wants Brexit deal approved before July - May's deputy nL5N22757V

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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