By Haruya Ida — Jun 08 - 10:43 PM
• GBP/USD better bid in Asia, 1.3528-60 so far, uptrend resuming?
• Pair off to 1.3508 Friday after the US jobs report, on higher US yields
• Back towards 1.3616 peak Thursday? High then best since 1.3643 in Feb 2022
• Support looks to be solid for now in area of 1.3515 200-HMA
• Hourly Ichimoku cloud currently between 1.3558-80 posing some resistance
• Some option expiries nearby today - 1.3525-35 GBP325 mln, 1.3650 GBP 349 mln
• GBP sentiment in general good as UK likely to avoid worst of US tariffs
• Question is whether Starmer regime can manage economy, prices
• Related comment , also , on UK pay
GBP/USD daily:
GBP/USD hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters