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Aug 18 - 11:55 AM

GBP/USD - Trades Above 1.3200 For The First Time Since Jan

By Rob Howard  —  Aug 18 - 09:45 AM
  • Cable hits 1.3230 after tripping stops above 1.3200 (March high)

  • 1.3230 is the highest level since Jan 2 (1.3266 was the high that day)

  • EUR/USD has simultaneously risen to a fresh 27-month high beyond 1.1950

  • U.S. election fears are helping weigh on the USD nL1N2FK0CBnL1N2FJ0GZ

  • 1.3200 is now a GBP/USD support point (origin of March slump to 1.1413)

  • Bull targets include 1.3284 (Dec 31 high) and 1.35 (1.3516 was Dec high)

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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