Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 09 - 10:55 PM

GBP/USD - Touch Firmer Into UK Data Dump - Trend Still Lower

By Andrew M Spencer  —  Dec 09 - 10:07 PM

  • +0.05% towards the top of a 1.3215-1.3231 range with only occasional flow

  • Cable often trades tight Asian range on Friday ahead of data - U.S CPI today

  • UK data leads with GDP, goods trade balance and IP - see chart for polls

  • Charts; 5, 10 & 21 day moving averages fall, 21 day Bollinger bands expand

  • Bearish setup targets a break of 1.3166, 38.2% of the 2020-2021 rise

  • 1.3160 break targets 1.2830/50, Nov 2020 range support and 50% 2020-21 rise

  • Close above 1.3334 falling 21 day moving average needed to end downtrend

  • Asian 1.3215 low and 1.3257 10 DMA are initial support and resistance

For more click on FXBUZ






















GBP dec 10 Click here

gbp 2 dec 10 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
© 2022 eFXdata · All Rights Reserved
!