GBPUSD: Neutral

Jim Langlands FX Charts

GBPUSD: 1.3187

Preferred Strategy:

GbpUsd is lower again at the end of Tuesday trade, despite the solid CPI figure but weighed down by the lack of progress in the Brexit negotiations. The momentum indicators are generally mixed/flat so a neutral stance is required today ahead of the UK Unemployment data which will drive the direction.

24 Hour: Neutral		Medium Term: Neutral
Resistance		Support
1.3337	14 Oct high/100 WMA	1.3170	Minor
1.3311	16 Oct high	1.3154	Session low
1.3286	Session high	1.3120	12 Oct low
1.3230	Minor	1.3100	Minor
1.3195	200 HMA	1.3075	Minor

Economic data highlights will include:

UK Unemployment, Inflation Report Hearing

Author

Jim Langlands

FX Charts

Jim Langlands began his trading career in the commodities markets in London in 1976, before moving to Australia in 1979 to work as a floor trader on the Sydney Futures Exchange.

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