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Dec 23 - 11:00 PM
GBP/USD - Tracks Towards 1.2800, Which Should Provide A Base
First appeared on eFXplus on Dec 23 - 09:20 PM
  • Christmas eve at times has a feast of interest, but most like today, famine

  • No significant GBP related news in the Asian session, and very tight ranges

  • Six week 1.2770/1.3010 range seen in October-November is now back in play

  • Range should hold into 2020 unless there is a significant change of outlook

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

  • Rejection of the upper 21 day Bolli Tuesday targets 1.2805 lower band

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


gbp2 dec 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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