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Apr 18 - 04:55 PM

GBP/USD - Keeps Bull Run In Tact As Dollar Eases

By Robert Fullem  —  Apr 18 - 02:44 PM

• GBP/USD sits near top of thin 1.3262-1.3287 range in low holiday turnover

• Fed Daly warns about inflation risks, sticks with couple cuts this year

• WH adviser Hassett to continue study on if could fire Fed Chair Powell

• Pres Trump repeats view that Powell should bring down rates

• Cable is up for ninth day in trending market; nearly overbought on RSI

• Futures open interest up for fourth day, suggesting longs building

• Crossover of 55-DMA and 200-DMA supports bulls case

• Supp: 1.3241 5-DMA, 1.3201-07 Apr 14 low and Apr 3 high

• Resist: 1.3285 Oct 3 high, 1.3323 upper 21-day Bollinger

• UK flash PMIs and BOE Gov Bailey at IMF/World Bank next week
GBP


(Robert Fullem is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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