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Sep 03 - 01:55 AM

GBP/USD - 1.3850 Caps, While Strikes Support Into U.S. Payrolls

By Andrew M Spencer  —  Sep 02 - 11:41 PM

  • Touch firmer after trading in a 1.3835-1.3845 range with decent interest

  • Tight ranges in Asia, as positions adjusted ahead of volatile U.S. payrolls

  • After lockdowns and Brexit, UK employers search for extra staff nL8N2Q42BV

  • Charts; 21 day Bollinger bands contract, 5, 10 & 21 DMAs coil- neutral setup

  • August rejection of lower 21 day Bolli and 1.3778 21 DMA break on Thursday

  • Setup targets falling 1.3919 upper 21 day Bollinger band, as in July/August

  • 1.3815/20 GBP 1.001BLN strikes, then Wednesday's 1.3732 low first supports

  • 1.3837, 61.8% of the July-August fall tested- 1.3893 76.4% next resistance

For more click on FXBUZ


gbp Sep 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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