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Jan 20 - 10:55 PM

GBP/USD - Bid As The USD Softens With Risk Resilient

By Andrew M Spencer  —  Jan 20 - 09:53 PM
  • +0.1% with the USD under pressure on resilient risk appetite in Asia

  • Trades at the top of a 1.3656-1.3684 range with plenty if interest

  • 'No evidence of decline' in current English COVID-19 rates nL8N2JV5CJ

  • Recent GBP strength based on a cocktail of changing factors nL1N2JW01U

  • Charts; 1.3718/20 key resistance - upper 21 day Bolli band and Wed's high

  • 1.3718 upper 21 day Bolli band good indicator of an overbought market

  • Daily momentum studies flat line, 5, 10 & 21 daily moving averages conflict

  • Neutral setup does not suggest a trending move is close

    For more click on FXBUZ

gbp 2 jan 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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