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SWITZERLAND

CHF LIBOR FIX - 25-06-2021

EUROZONE

EUR LIBOR FIX - 25-06-2021

JAPAN

JPY LIBOR FIX - 25-06-2021

UK

GBP LIBOR FIX - 25-06-2021

Consolidating

GBPUSD TECHS
  • RES 4: 1.3935 High Apr 27, 2018
  • RES 3: 1.3804 High Apr 30, 2018
  • RES 2: 1.3773 High May 1, 2018
  • RES 1: 1.3759 High Jan 27 and the bull trigger
  • PRICE: 1.3647 @ 16:12 GMT Feb 3
  • SUP 1: 1.3610 Low Jan 26
  • SUP 2: 1.3526/20 Low 50-day EMA / Low Jan 18 and key support
  • SUP 3: 1.3505 Low Jan 12
  • SUP 4: 1.3452 Low Jan 11

GBPUSD is consolidating. The pair maintains a bullish stance. Last week's high print of 1.3759 on Jan 27, reinforces bullish conditions and maintains the current bullish price sequence of higher highs and higher lows. Attention is on 1.3773 next, May 1 2018 high. Near-term firm support has been defined at 1.3520, Jan 18 low. A breach would signal scope for a deeper short-term sell-off and expose 1.3452, Jan 11 low. Initial support lies at 1.3610, Jan 26.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com