Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 15 - 03:55 PM

GBP/USD - Below Its 200-Day Average At 1.2433 Augurs Poorly For Recovery

By Paul Spirgel  —  Sep 15 - 01:35 PM
  • GBP$ soft into week's cls, -0.11% to 1.2397; Friday range 1.2445-1.2386

  • Bears in control on diminishing BoE hike outlook; USD bid post-NY Fed Mfg

  • Sterling dips to new 14-week low on upbeat US data, UK rate view

  • Closes Thurs/Fri below 200-DMA (1.2433) adds to bearish momentum

  • Bears target 1.2370 June 1 low, 1.2308 the May 25 low, then 1.2193 55-WMA

  • Res at the 200-DMA, Friday high 1.2445, 10-DMA 1.2494

  • Sub 200-DMA, plethora of bearish crosses keep downward pressure on GBP/USD

  • Fed rate announcement, guidance Wed & BoE on Thursday key events

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
!