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Nov 16 - 08:55 PM

GBP/USD - Calm Before The Storm - All Eyes On Hunt

By Andrew M Spencer  —  Nov 16 - 06:55 PM

  • Steady after closing up 0.4%, U.S. dollar softened as Poland fears eased

  • Fin Min Hunt to announce a tough budget tonight to restore confidence

  • Hunt wants stability "But it depends on taking difficult decisions now."

  • Comprehensive measures are expected - sterling likely volatile nL8N3280FL

  • Techs, daily momentum studies conflict, 5, 10 & 21 day moving averages climb

  • 21 day Bollinger bands expand - a strong positive technical setup

  • 1.2038, 50% 2022 fall capped Tuesday, break targets 1.2291 August high

  • NY 1.1833 low and London 1.1942 high initial support, resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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