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Refinitiv
Apr 19 - 05:55 AM

GBP/USD - Reluctant To Roll Over Despite Trend Break

By Peter Stoneham  —  Apr 19 - 03:40 AM
  • Sterling continues to fight a daily trend line break

  • Line taken off the 1.1805 Mar. 8 low provides resistance at 1.2514 today

  • Initial support at the 21DMA, on a closing basis, currently 1.2389

  • Downside risk while the Apr. 27 1.2124-26 Ichimoku cloud twist is in play

  • Daily momentum and RSI readings are supportive

  • We stay side lined while signals are mixed

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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