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Dec 05 - 08:55 PM

GBP/USD - Opens Higher As The USD Retreats, US Payrolls Lead

By Andrew M Spencer  —  Dec 05 - 07:00 PM
  • Steady after closing +0.45% with the USD off 0.6% - US payrolls key tonight

  • Over half UK firms plan to raise prices, cut jobs after budget - BoE survey

  • PM Starmer pledges measurable 'milestones' to rebuild UK after rocky start

  • The UK government needs to sell it's policies more effectively

  • Techs - daily momentum studies climb, 21-day Bollinger bands contract

  • 5, 10 & 21-day moving averages coil - neutral daily setup, bearish weeklies

  • This week's 1.2619 low, then the 1.2475 November trend low initial supports

  • Thursday's 1.2770 top then 1.2841, 0.382% September/November fall resistance

  • A close above 1.2841 would be a bullish signal for next week

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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