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Jul 26 - 01:55 PM

GBP/USD - Bulls Take Out 21-DMA, Eye 30-Day At 1.3841, Then 100-DMA 1.3925

By Paul Spirgel  —  Jul 26 - 01:27 PM
  • Sterling firm into NY close, +0.59% at 1.3825; NorAm range 1.3833-1.3774

  • GBP bulls react to COVID case dip, shrug off dovish Vlieghe nL1N2P20YN

  • GBP/USD eyes 30-DMA at 1.3842, 100-DMA at 1.3926, then Hun 23 high 1.4001

  • 10-DMA supports by 1.3764, 200-DMA by 1.3716, the lower 30-d Bolli at 1.3654

  • Fed presser Wednesday key, may influence BoE taper, rates at Aug 5 MPC

  • EUR/GBP holds sub-10-DMA (0.8573), -0.26% at 0.8540, Mon range 0.8573-37

  • GBP seen removing accommodation well before ECB favors further GBP gains

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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