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Thomson Reuters
May 11 - 05:00 AM
GBP/USD - Mooted Offers Near 200DMA May Cap Cable As BoE Dust Settles
First appeared on eFXplus on May 11 - 02:55 AM
  • Mooted offers around 1.3550 may cap GBP/USD if it vaults 1.3535 (Asia high)
  • 1.3547 = 200DMA. 1.3550 option expiry for 10am ET NY cut, GBP 678mn strike
  • 1.3555, 1.3557 and 1.3551 = post-BoE highs in 105 mins from 1145GMT Thursday
  • Fresh bids expected pre-1.3450 (option barrier level). 1.3458 = 2018 low
  • 1.3460 was Thursday's 17-week low after GBP fell on BoE nL8N1SH3Y7
  • 1.3460 approximates to 38.2% of 1.1983 (2017 low) to 1.4377 (Apr high)

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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