Intraday market moving news and views
Update Time: 08 Aug 2022 05:00GMT.
Intraday GBP/USD - 1.2074
Although cable's short-covering rebound from a 9- day low in post-NFP New York suggests a temp. bottom is made, as 1.2093 has capped rebound, bearishness is retained for decline from August's 1-month peak at 1.22 93 to resume, below 1.2035/40, 1.2004 later.
Intra-day rise from 1.2048 would yield sideways trading before down.
Only above 1.2095/00 risks 1.2125/30.
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