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Dec 08 - 03:55 AM

GBP/USD - Holds Below 10DMA After Tuesday's 1.3209 Test

By Rob Howard  —  Dec 08 - 02:58 AM
  • Cable has traded a quarter-cent range thus far Wednesday, 1.3235-1.3260

  • 1.3260 is also the high since Tuesday's drop to test 1.3209 (Friday's low)

  • Offers may emerge near 1.3282 (10-day moving average) if 1.3260 vaulted

  • Sell orders by the 10DMA kept lid on cable Tuesday, before drop to 1.3209

  • See: nL1N2SS1KH. 1.3195 was 11-month low on Nov 30 (after hawkish Powell)

  • Biden to pick more Fed policymakers pre-Jan 1, White House says nL1N2SS2PP

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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