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Sep 25 - 06:55 AM

GBP/USD - Falls Half-A-Cent After Fibo Resistance Level Caps

By Rob Howard  —  Sep 25 - 05:35 AM
  • Cable falls to 1.2746 after early Ldn gains ran into resistance circa 1.2803

  • 1.2803 = 38.2% Fibo of 1.3008 (last week's high) to 1.2676 nL2N2GM06Q

  • Support points include 1.2731 (Asian session low) and 1.2700

  • 1.2708 was Thursday's NY session low. 1.2692 was Thursday's low

  • UK public borrowing overtakes financial crisis peak nL5N2GM0U1

  • France rejects UK 'intimidation' on post-Brexit deal - FT nL3N2GM148

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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