Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 28 - 09:55 PM

GBP/USD - Sterling Resilient - Truss Hot Favourite For PM

By Andrew M Spencer  —  Jul 28 - 07:45 PM

  • -0.1% after closing up 0.2% with the U.S. dollar a touch softer

  • Liz Truss hot favourite to be next PM - Oddschecker bet 13 to win 15

  • Her aggressive Brexit stance could lead to an EU trade war nL8N2Z13RR

  • Sterling is often volatile at month end in Europe, steady in Asia

  • Charts; daily momentum studies 5, 10 & 21 DMAs base or rise

  • 21 day Bollinger bands flat line - modest positive setup

  • 1.2200 upper 21 day Bolli a good indicator of an overbought market

  • Close above 1.2213, 50% of May/July fall would turn signals bullish

For more click on FXBUZ


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
!