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Apr 11 - 02:55 AM

GBP/USD - Firmer Above Key Support, As Treasury Yields Ease

By Andrew M Spencer  —  Apr 10 - 11:55 PM
  • +0.05% at the top of a tight but active 1.2533-1.2545 range on D3

  • U.S. dollar is off 0.1%, as UST retreated a touch, 10yr -4bp 4.529%

  • The UK's housing market shows signs the recovery is gaining pace - RICS

  • ECB's statement and the press conference tone will be key for markets today

  • Techs; 5, 10 & 21-day moving averages fall as 21-day Bollinger bands slide

  • Daily momentum studies dip - Wednesday's fall turned the signals to bearish

  • GBP poised above long-term 1.2500 support - close below a strong negative

  • The 1.2517 2024 low and 1.2501 Dec 2023 base support, but are under pressure

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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