Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 02 - 07:55 PM

GBP/USD - Sterling Struggles, But Key Support Held On The Close

By Andrew M Spencer  —  Nov 02 - 06:25 PM
  • -0.05%, after closing -0.3% on the one month England lock down nL1N2HO0U9

  • Britain extends payment freeze to coronavirus-hit borrowers nL8N2HO1DN

  • Charts; momentum studies flat line, 5, 10 & 21 DMAs crest or fall

  • Net negative setup - 1.2860/67 Oct range base & 61.8% Sep-Oct held on close

  • 1.2836 lower 21 day Bollinger band is slipping, which adds to downside bias

  • Close above cresting 1.2977 21 DMA would end the bearish outlook

  • London 1.2854 low and NY 1.2942 high are initial support-resistance

For more click on FXBUZ


gbp nov 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!