By Peter Stoneham — Nov 13 - 06:10 AM
A slowing of the fall from 1.3046 Nov. 6 high
Tight 1.2730-1.2756 range Wed: just above 1.2719 Tues and trend low
Underlying bear trend still in place: strengthened after 200DMA break
No sign of a drag from a Nov. 26 1.3088-98 Ichimoku cloud twist
Bears can target the 1.2667 Aug. 8 low and 1.2567 76.4% Fibo: 1.2299-1.3434
Resistance levels are at Mon-Tues highs, 1.2873 and 1.2925, respectively
Risk sentiment and dollar moves the main drivers for the GBP market
UK outlines a National Health Service overhaul after the budget investment
BoE hawk flags topside risks to inflation nL1N3MK0E5
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary