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Jan 07 - 08:55 PM

GBP/USD - Capped By Resilient 1.3700 Resistance - USD Leads

By Andrew M Spencer  —  Jan 07 - 06:35 PM
  • Flat after closing off 0.3% on broad USD strength

  • UK hauliers warned of tougher French customs controls - FT nL4N2JI3QL

  • Brexit deal fine print proving problematic for UK retailers nL8N2JI4F3

  • Charts; negative momentum studies, 10 & 21 daily weekly & monthly MAs rise

  • Net positive setup - 1.3677, 76.4% 2018-2020 fall key resistance on close

  • Close below 1.3503 21 DMA, a base last week, would end topside bias

  • NY 1.3533 - 1.3612 range is initial support-resistance

For more click on FXBUZ


gbp jan 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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