Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 25 - 08:55 AM

GBP/USD - Hugs 1.21 After 10 Cent Gain In Three Weeks

By Rob Howard  —  Nov 25 - 08:30 AM
  • Cable has traded a 53 pip range on Black Friday thus far; 1.2073-1.2126

  • 1.2153 was 15-week high on Thursday, after 10 cent rise in three weeks

  • Shorts squeezed during that 10 cent climb (next CFTC data due Monday)

  • IMM speculators have been net GBP short since Nov 2021 (bar one week in Feb)

  • Support points below 1.2073 include 1.2050 and 1.2026 (last week's high)

  • 1.2185 (200DMA) is a resistance level beyond the U.S. Thanksgiving Day high

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!