Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 28 - 03:55 AM

GBP/USD - Holds Above 1.3861 After Fix-Related Buying Tuesday

By Rob Howard  —  Jul 28 - 02:34 AM
  • 1.3866 is the low water-mark for cable since Tuesday's jump to threaten 1.39

  • 1.3866 is five pips above a former resistance level (July 16 high)

  • Tuesday's jump to threaten 1.39 was attributed to fix-related buying of GBP

  • See: nL1N2P31L3. Break above 1.3900 could spur more short-covering

  • IMM specs recently flipped to first net GBP short since Dec nL1N2P20AZ

  • Seven-day downtrend in new UK COVID cases is positive for GBP nL8N2P33A7

GBPUSD 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
!