September 28, 2022 15:59 GMT
- GBP volatility persists through the London close, with GBP/USD (briefly) showing again at a session high. EUR/USD exhibiting similar price action here, with EUR/USD rallying to touch 0.9685.
- This puts markets within range of first resistance at Sep 26 0.9710 ahead of the more important 20-day EMA at 0.9892.
- Bearish trend conditions in GBPUSD remain intact despite the move. Monday’s volatile price activity defined an important short-term support at 1.0350. The trend is down and a break of this level would confirm a resumption of bearish activity.