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USD

Broader base selling going through

GILTS

DMO consultation outcome (part 3/3)

Eyeing Key Resistance

GBPUSD TECHS
  • RES 4: 1.3804 High Apr 30, 2018
  • RES 3: 1.3773 High May 1, 2018
  • RES 2: 1.3759 High Jan 27 and the bull trigger
  • RES 1: 1.3749 High Feb 8
  • PRICE: 1.3737 @ 16:55 GMT Feb 8
  • SUP 1: 1.3659 20-day EMA
  • SUP 2: 1.3567 Low Feb 4
  • SUP 3: 1.3544/20 Low 50-day EMA / Low Jan 18 and key support
  • SUP 4: 1.3505 Low Jan 12

GBPUSD Friday bounced further off Thursday's low. A bullish theme remains in place and recent weakness appears to have been a correction. Attention remains on 1.3759, Jan 27 high where a break would confirm a resumption of the uptrend and resume the bullish price sequence of higher highs and higher lows. This would open 1.3773, May 1 2018 high. On the downside, firm support lies at 1.3567, Feb 4 low.

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