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Jan 20 - 08:55 PM

GBP/USD - New Trend High - UK Vaccine Rollout Provides Hope

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

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