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