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Jun 21 - 03:55 PM

GBP/USD - Support Sub-1.38 Holds, Bulls Eye 100-DMA Near 1.3941

By Paul Spirgel  —  Jun 21 - 01:52 PM
  • GBP/USD ends NY 1.3933 up 1.03%; NorAm range 1.3933-1.3868

  • Pair surges off Asia's 9-wk low 1.3787, finds res ahead of 100-DMA 1.3941

  • GBP rises off 9-week low, bulls eye hawkish MPC lean Thursday nL2N2O3144

  • Thursday's MPC key for bulls; UK-US policy convergence supports higher GBP

  • Res at 100-DMA; bulls regain momentum abv 1.4108, 50% of 1.4250-1.3787

  • Below 1.3787 bears target March-April low area by 1.3670

  • EUR/GBP down 0.49% at 0.8553, Mon range 0.8602-0.8553; more hawkish BoE outlook trump dovish ECB

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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