By Paul Spirgel — Apr 27 - 01:45 PM
GBP/USD rallies into NY close, still -0.07% at 1.2565; NY range 1.2592-02
USD broadly bid, today's catalyst Russia cuts oil supply to Poland, Bulgaria
GBP bears feast on fundamentals, may gorge on wkly death cross nL2N2WP1QG
10-WMA below 200-WMA hints at further GBP$ declines, GBP$ bid ahead of 1.25
Sub-1.25 bears eye Jul 10 2020 wkly low 1.2463, Jul 30 2020 wkly low 1.2252
Bulls need to regain lwr 30-d Bolli at 1.2721 to stem bearish tide
A close above 1.2901, the 50% Fib of 1.3299-1.2502 shift momentum to bulls
EUR/GBP -0.6% to 0.8412, Wed range 0.8464-0.8391; EUR slips to new 2020 low
Russia gas supply issues, reduced German, Italian growth prospects weigh on EUR
GBP Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary