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Jul 30 - 08:55 AM

GBP/USD - Holds Close To Five-Week High As Month-End Looms

By Rob Howard  —  Jul 30 - 07:02 AM
  • Cable hit 1.3983 after rising from 1.3935 amid month-end USD supply talk

  • 1.3983 is fractionally fresh five-week peak (1.3982 was Thursday's high)

  • 1.3935 was early London low (which a Fibo level helped define) nL1N2P60M3

  • Sell orders expected by 1.40, inclusive of profit-take interest nL1N2P60M3

  • 1.3768 was Tuesday's low, before fix-related buying of GBP nL8N2P44XS

  • Powell bets U.S. economy will navigate new coronavirus surge nL1N2P51JW

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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