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
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