By Andrew M Spencer — Jan 20 - 06:29 PM
+0.1% after closing up 0.2%, after a 1.3720 trend high and EUR/GBP off 0.3%
COVID-19 vaccine rollout is moving quickly 4.6 mln doses so far nL8N2JV5C2
Record daily deaths to extend, but vaccines do provide hope nL9N2IC01T
Charts; Soft close after the 1.3720 trend high - range trading still valid
1.3719/20 key resistance - upper 21 day Bollinger band and Wednesday's high
Daily momentum studies flat line, 5, 10 & 21 daily moving averages conflict
Neutral setup within the January range - breakout will likely be USD led
NY 1.3623 low and London 1.3720 high initial support-resistance
For more click on FXBUZ
gbp jan 21 Click here
Source:
Refinitiv IFR Research/Market Commentary