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Aug 20 - 09:55 PM

GBP/USD - Charts Target A Third Attempt At 2020 High

By Andrew M Spencer  —  Aug 20 - 08:00 PM
  • Touch firmer after closing up 0.8%, keeping the primary uptrend in play

  • The USD continues to drive cable, and this is expected to continue

  • Britons more upbeat on finances but worried about economy, GfK nL8N2FM2YN

  • Techs; daily and weekly 5, 10 & 21 MAs base-rise, neutral momentum studies

  • Positive setup targets resilient 1.3273-1.3284 upper 21 day Bolli & 2020 top

  • Close below rising 1.3068 21 DMA, a base in London, would end topside bias

  • 1.3080 NY low and this week's 1.3276 high are initial support-resistance

For more click on FXBUZ


gbp aug 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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