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Aug 18 - 01:55 AM

GBP/USD - Bid As The U.S. Dollar Eases With Treasury Yields

By Andrew M Spencer  —  Aug 17 - 11:35 PM
  • +0.05% in a 1.2747-1.2765 range with plenty of activity on D3

  • The U.S. dollar eased with U.S. Treasury yields, 10yr off 5bp to 4.254%

  • UK retail sales lead event risk in London - RTRS poll -0.5% M/M, -2.1% Y/Y

  • Charts; neutral daily momentum studies, 21-day Bollinger bands contract

  • 5, 10 & 21-day moving averages coil - daily signals show little bias

  • Well tested 1.2627, 61.8% of the May/July fall is pivotal support

  • The New York 1.2726-1.2788 range is initial support and resistance

  • 1.2700 636 mln and 1.2785 446 mln are the close strikes for August 18th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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