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Thomson Reuters
Dec 05 - 08:36 AM
GBP/USD - Threatens 1.28 After Short-Covering On 1.2750 Break
First appeared on eFXplus on Dec 05 - 06:25 AM
  • Cable up to threaten 1.2800 after 1.2750 break spurs short-covering
  • Offers ahead of 1.2750 had been keeping a lid on GBP/USD nL1N1YA0AD
  • There is a 1.2800 option expiry for the 10am ET NY cut, GBP 340mn strike
  • Resistance levels beyond the figure include 1.2840/50 and 1.2880
  • 1.2840 was Tuesday's high after A50 legal case news boosted GBP nL8N1Y91MN
  • Drop from 1.2840 based around 1.2662 (August's low). 1.2672 = early Ldn low

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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