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Jan 26 - 11:55 PM

GBP/USD - Touch Softer, But Sterling Uptrend Remains Strong

By Andrew M Spencer  —  Jan 26 - 10:19 PM
  • -0.05% at the base of a 1.3730-1.3753 range with solid interest in Asia

  • UK, Switzerland to push ahead with financial services deal nL8N2K15JK

  • UK retailers report biggest annual price falls since May nL8N2K15E7

  • Fresh round of lockdowns is hitting the retail sector hard nL8N2K12T3

  • Charts; 5, 10 & 21 daily, weekly and monthly moving averages head north

  • Strong trending setup - blue sky until 1.4303, 50% of the 2014-2020 fall

  • Close below rising 1.3631 21 DMA needed to undermine current trend

  • Progress of the UK's vaccine rollout likely key for GBP nL1N2K2021

For more click on FXBUZ


gbp 3 jan 27 Click here

Source:
Refinitiv IFR Research/Market Commentary

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