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Oct 03 - 01:55 AM

GBP/USD - Struggles Amid Lingering Risk-Off; Fibo Floor Eyed

By Ewen Chew  —  Oct 02 - 11:55 PM
  • GBP/USD fades to 1.1131 from Mon peak 1.1195 vs close 1.1165

  • Could probe Aug-Sep 38.2% Fibo support at 1.1070

  • If that fails, Bollinger downtrend channel 1.0995 attracts

  • Lingering risk-off as S&P futures struggle to stay up

  • UK finance minister to speak at Conservative conference

  • More GBP stress expected as market looks to US NFP this week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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