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Oct 09 - 01:55 PM

GBP/USD - Bulls Clear 55-DMA By 1.3026, Eye 50% Fib By 1.3079

By Paul Spirgel  —  Oct 09 - 01:25 PM
  • GBP firm into NY close +0.77% at 1.3033; NorAm high 1.3033-1.2922

  • GBP hitches a ride on risk rally, despite stalled Brexit talks nL1N2H00RO

  • Stops triggered above Oct 7 high 1.3007, 55-DMA 1.3026

  • Bulls need a rise above 1.3079 50% Fib of 1.3481-1.2676 to gain upper hand

  • Another failure above 1.30 puts 10-DMA by 1.2918 back in focus

  • EUR/GBP slips 0.2% to 0.9071, Friday range 0.9133-0.9070, GBP buy stops triggered abv 1.3000

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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