By Andrew M Spencer — Apr 04 - 07:55 PM
Steady after closing unchanged with an inside day, as consolidation extends
EUR/GBP closed -0.7%, providing underlying cable support as the USD firmed
BoE's Cunliffe remains dovish as Ukraine to hit European growth nL5N2W248Z
Charts; momentum studies conflict - 5, 10 & 21 day moving averages coil
21 day Bollinger bands contract - modest net negative signals again neural
First major support is 1.3011 lower 21 day Bolli band, then 1.3000 2022 low
Last week's 1.3181 high, then 1.3250 upper 21 day Bolli band key resistance
London 1.3093 low and NY 1.3128 high are initial support and resistance
For more click on FXBUZ
gbp Apr 5 Click here
Source:
Refinitiv IFR Research/Market Commentary