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Aug 24 - 03:55 PM

GBP/USD - Bulls Run Into Resistance By Minor Fib At 1.3748

By Paul Spirgel  —  Aug 24 - 01:45 PM
  • GBP/USD slips a tad into NY close, -0.02% to 1.3723; NorAm range 1.3747-09

  • Pair holds recent gains after last weeks slide to 1.3602 low

  • Sterling rise falters by minor Fibo resistance at 1.3748 nL1N2PV10G

  • Marts await Powell J-Hole speech Friday for hints at taper timeline

  • Res abv mkt at 10-DMA 1.3759, 200-DMA 1.3793 daily cloud (1.3797-1.3911)

  • Support Tues low 1.3694, lwr 30-d Bolli by 1.3623, Aug 20 low 1.3602

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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