Sep 17, 2022, 7 AM + 5
VOT Research Desk
TECHNICAL ANALYSIS RUNDOWN
GBP/USD cost activity shows infiltration underneath the Walk 2020 swing low at 1.1410, presently opening up the opportunities for ensuing Support zones. The Relative Strength Index (RSI) may show more promising Support points (green) while Sterling prints worse support points.
This peculiar bullish disparity and can prompt an inversion to the potential gain. Essentials are not in accordance with this viewpoint right now, especially with the UK heading into the cold weather a very long time amidst an energy emergency.
The 50bps climb might add to the further drawback and elevate inflationary tensions for the UK.A candle close above the 1.1410 swing low may prompt bulls to re-enter thus keeping the pound afloat ahead of the BoE meeting.
Key resistance levels:
1.1600
1.1410
Key support levels:
1.1300
