By Paul Spirgel — Nov 02 - 01:35 PM
GBP$ ending NorAm +0.3% at 1.2185; Thursday range 1.2225-1.2132
Pair rallied after BoE rate hold, soft labor costs and durables
Sterling builds on post-Fed gains after BoE rate hold nL1N3C31N9
Friday's U.S. payrolls in focus; Nov 14,15 CPI releases also key
Pair anchored by 3-DMA at 1.2188 most of NorAm afternoon
Resistance at Thurs high 1.2225, 10-Wk MA 1.2274, Oct 24 high 1.2288
Close abv 1.2392 50% Fib of 1.2746-1.2039 shifts momentum to GBP bulls
Support 10-DMA 1.2159, Thurs low 1.2132, Oct 30 low 1.2090
Source:
Refinitiv IFR Research/Market Commentary