Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 05 - 01:55 AM

GBP/USD - Resilient Into The Next Round Of U.S. Data

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!