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Jan 10 - 01:55 PM

GBP/USD - Slips From 2-Month High As Market Casts Gaze On Wednesday's CPI

By Paul Spirgel  —  Jan 10 - 01:20 PM
  • GBP/USD ending NorAm -0.25% at 1.3564, Monday range 1.3603-1.3533

  • Pair touched 2-month high abv 1.36 in early NorAm after soft NFP Friday

  • Focus shifts to Wed's CPI data, Rtrs consensus 7% boosts Fed hike timeline

  • GBP slides from 1.36 high ground as markets brace for US CPI nL1N2TQ14R

  • Resistance at 1.3617 upper 30-d Bolli, then 1.3635 30-WMA

  • Bulls gain momentum above 1.3706, the 50% Fib of 1.4250-1.3162

  • Support at rising 10-DMA 1.3520, 1.3491 Jan 6 low, rising 21-DMA at 1.3406

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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