Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 02 - 08:55 PM

GBP/USD - Topside Bias Ends Dramatically - As Yields Slide

By Andrew M Spencer  —  Feb 02 - 06:45 PM

  • Touch softer after closing down 1.2% in response to the BoE dovish hike

  • Gilt yields slumped, 10yr -30bp to 3.006%, investors wary on longer term

  • Expecting a tight range in Asia ahead of often volatile U.S. payrolls

  • Techs; a bearish outside day and close below 1.2288 21 DMA ends topside bias

  • 5, 10 & 21 day moving averages conflict, 21 day Bolli bands contract

  • Momentum studies head lower - dip leaves negative daily studies

  • 1.2216, 38.2% of the 2023 rise is initial close support

  • 1.2288 21 DMA then 1.2295 5 DMA are first resistance

    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
© 2023 eFXdata · All Rights Reserved
!