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Thomson Reuters
Jul 27 - 08:36 AM
GBP/USD - Thin But Heavy And Returning To Mid-Range
First appeared on eFXplus on Jul 27 - 06:15 AM
  • Sterling's ebb and flow on Brexit and politics limiting outright direction
  • Latest slide, thanks to fresh fighting talk from Barnier, nears mid-range
  • 1.3160 the mid-point of the July 1.3363-1.2958 range: 1.3082 low so far
  • Volatility likely to hold through summer despite UK parliament recess
  • For today cable looks 1.3072 Tues low while 10DMA caps at 1.3120
  • Price under weekly cloud bearish but bears need sub-100DMA, 1.3080, close

GBP/USD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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