Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 20 - 03:55 PM

GBP/USD - Bulls Flirt With 100-DMA Resistance Just Above 1.25, Again

By Paul Spirgel  —  Nov 20 - 01:40 PM
  • GBP$ boosted into NorAm close, +0.41% at 1.2509, Mon range 1.2518-1.2448

  • UST yields slide in NorAm afternoon weighing on USD broadly

  • Sterling bulls continue to struggle above 1.25, by 100-DMA resistance

  • Pair firm but remains anchored by 100-DMA (1.2507), close abv bullish

  • Res at 1.2522 upper 30-d Bolli, 1.2548 the Sep 11 high, 1.2619 Aug 30 high

  • Support 1.2448 Mon low, 200-DMA 1.2446, Nov 16/17 lows 1.2377/75

  • Traders focus on Fed mins Nov 21, UK flash PMIs Nov 23

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!