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Sep 20 - 01:55 AM

GBP/USD - Good News For The BoE - Charts Suggest Further Gains

By Andrew M Spencer  —  Sep 19 - 11:35 PM
  • +0.05% at the top of a 1.3273-1.3297 range with patchy flows in Asia

  • UK retail sales and public sector borrowing lead event risk in London

  • More UK employers plan reduced 2025 pay increases, IDR - good news for BOE

  • Charts - positive daily momentum studies, 21-day Bollinger bands expand

  • 5, 10 & 21 daily moving averages rise - daily charts suggest further gains

  • 1.3314 September top, then 1.3410 0.786% 2021/2022 fall are first resistance

  • Thursday's 1.3155 low and then the 1.3126 base this week are initial support

  • 1.3250 1.615BLN and 1.3300 864mln are the close strikes for September 20th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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