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Apr 18 - 09:55 PM

GBP/USD - Softer After Friday's Late Jump, Bias Is Higher

By Andrew M Spencer  —  Apr 18 - 07:46 PM

  • -0.15% in a slow start to the week - closed up 0.45%, spiking at the close

  • Asking prices for UK houses hit new high after tax cut extended nL8N2M86JC

  • New UK trial studies if people can catch coronavirus again nL8N2M93LT

  • Charts; momentum studies base, 5, 10 & 21 daily moving averages coil

  • 21 day Bollinger bands contract - neutral setup, as the range dominates

  • Strong support around 1.3670 - 1.3670 Mar/Apr low, 1.3671 lower 21 day Bolli

  • 1.3670-1.3919 range dominates in April - solid base suggests topside test

  • NY 1.3791 1.3849 range is initial support resistance


For more click on FXBUZ



gbp apr 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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