Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 02 - 01:55 AM

GBP/USD - USD Belief Firms, But Key Support Holds Into US Jobs

By Andrew M Spencer  —  Jul 01 - 11:46 PM

  • +0.05% in a 1.3752-1.3774 range with plenty of interest in Asia

  • Economists optimistic on USD short term, but bearish later nL3N2OD1VP

  • Positive USD sentiment, with the market not yet long likely caps cable

  • Charts; daily momentum studies, 5, 10 & 21 daily moving averages fall

  • 21 day Bollinger bands slide - a strong bearish trending setup

  • 10 DMA capped repeatedly, and pivotal is resistance, currently at 1.3871

  • 1.3756, 61.8% of the 2021 rise is proving resilient - held in Asia

  • Downtrend targets a test of 1.3669 double bottom in March and April

    For more click on FXBUZ


gbp 2 jul 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!