By Andrew M Spencer — Sep 04 - 11:35 PM
+0.05% in a 1.3152/62 range with occasional flurries on LSEG FX Matching
UK construction PMI leads data, last 54.6 - modest gbp impact at best
US ADP jobs, weekly unemployment and ISM services PMI likely drive markets
BoE caution on inflation and the dovish Fed stance supports GBP/USD
Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA slips
21-day Bollinger bands contract as momentum studies crest - uptrend holds
Friday's 1.3200 top and last week's 1.3269 high are the first resistance
A close below 1.3038, 38.2% April/August rise would end the topside bias
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary