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Sep 02 - 01:55 AM

GBP/USD - Firmer, But Resistance Above 1.3800 Remains Resilient

By Andrew M Spencer  —  Sep 01 - 11:37 PM

  • +0.05% in a quiet 1.3768-1.3780 range - GBP resilient as USD a touch firmer

  • No significant UK data or BoE events today, so the USD and risk to lead

  • Charts; 21 day Bollinger bands contract, 5, 10 & 21 DMAs conflict

  • Neutral daily momentum studies - bias lower while 1.3811 200 DMA caps

  • Sustained 1.3811 break would open the door to 1.3931 upper 21 day Bolli band

  • Wednesday's 1.3732 low then Friday's 1.3679 base first significant supports

  • NY 1.3799 high then 1.3811 200 daily moving average initial resistance

For more click on FXBUZ


gbp 2 Sep 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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