GBPUSD: Neutral
|GBPUSD: 1.3224
Preferred Strategy: Cable has had another solid session, underpinned by the softer US$ and closing the day near the highs of 1.3234 The charts remain mixed, so a neutral stance is required but overall, with the dailies still looking heavy, selling into near term strength may be the plan. In the meantime, the 4 hour charts are picking up a positive mood, so a near term moves towards 1.3260/90 would not surprise.
24 Hour: Neutral | Medium Term: Prefer to sell rallies | ||
Resistance | Support | ||
1.3340 | (50% of 1.3656/1.3026) | 1.3175 | Session low |
1.3292 | 4 Oct high | 1.3145 | 100 HMA |
1.3265 | (38.2% of 1.3656/1.3026) | 1.3130 | 10 Oct low |
1.3250 | Minor | 1.3100 | Minor |
1.3235 | Session high | 1.3075 | 9 Oct low |
Economic data highlights will include:
T: BOE Credit Conditions Survey
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.