Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 14 - 08:55 PM

GBP/USD - No Longer Oversold - Downside Still The Weak One

By Andrew M Spencer  —  Sep 14 - 07:30 PM
  • +0.05% after closing +0.4% - more a technical than fundamental bounce

  • PM's Internal Market Bill to breach Brexit treaty passed nL8N2GB0MW

  • As expected, so little impact, but revisions will be debated in coming days

  • Techs; 5, 10 and 21 DMAs fall, 21 day Bollinger bands expand - bearish setup

  • 1.2760 lower 21 day Bolli band suggests market no longer oversold short term

  • Bias to the downside while closes below the falling 1.3036 10 DMA

  • 1.2721-1.2137 remains major support, 61.8% June-September rise and 200 DMA

  • Asia 1.2793 low and NY 1.2918 high is initial support-resistance

For more click on FXBUZ























data sep 15 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!