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Mar 19 - 08:55 AM

GBP/USD - Range This Week Almost Identical To Last Week

By Rob Howard  —  Mar 19 - 07:28 AM
  • Cable has traded an almost identical range this week as it did last week

  • 1.3809-1.4001 are this week's parameters vs 1.3801-1.4005 last week

  • 50% retracement level of 1.4240-1.3779 helped define last week's high

  • This week's high was notched on the back of dovish Fed nL1N2LF2JI

  • Pound rose to highest level vs euro since Feb 2020 this week nL1N2LH0KR

  • GBP TWI last week hit highest level since June 2016 Brexit referendum

GBPUSD Click here

GBPTWI Click here

Source:
Refinitiv IFR Research/Market Commentary

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