Sterling Plunges Post-BoE- Support in View
GBP/USD plunged nearly 1% today with the post-BoE plunge taking the pound back into yearly open support at 1.2731- looking for a reaction here.
A weekly close below this threshold would threaten a test of the July open / 200DMA near 1.2640 and the 61.8% retracement at 1.2584- look for a larger reaction there IF reached.
INtiial resistance now back at 1.2273-1.2816 with near-term bearish invalidation now set to this week's high.
US Non-Farm Payrolls on tap tomorrow- watch the weekly close here.
Michael Boutros
Sr. Technical Strategist
MBForex
A weekly close below this threshold would threaten a test of the July open / 200DMA near 1.2640 and the 61.8% retracement at 1.2584- look for a larger reaction there IF reached.
INtiial resistance now back at 1.2273-1.2816 with near-term bearish invalidation now set to this week's high.
US Non-Farm Payrolls on tap tomorrow- watch the weekly close here.
Michael Boutros
Sr. Technical Strategist
MBForex
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.