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Jan 27 - 08:55 PM

GBP/USD - Softer, As The USD Bounces - Setup Still Positive

By Andrew M Spencer  —  Jan 27 - 06:42 PM
  • -0.15% after closing -0.3% on broad USD strength and EUR weakness

  • English lockdowns set to last at least until March nL1N2K216Z

  • COVID toll continues to surge, as does vaccine rollout nL8N2K25OP

  • Charts; 5, 10 & 21 weekly and monthly moving averages trend north

  • Upper 21 day Bolli band capped this trend on close - 1.3753 resistance

  • Close below rising 1.3637 21 DMA needed to undermine current uptrend

  • NY 1.3659-1.3740 range is initial support-resistance

For more click on FXBUZ


gbp jan 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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