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Mar 23 - 08:55 PM

GBP/USD - Break Of Key Support Opens The Door To Further Losses

By Andrew M Spencer  —  Mar 23 - 07:26 PM
  • -0.1% - closed -0.8%, breaking range support, on safe haven USD strength

  • EU to extend vaccine export curbs to cover Britain, backloading nL1N2LL1RS

  • 'No rush' on City of London access to EU, says EU official nL1N2LL1TC

  • Frosty EU-UK relations suggest 'city' access to the EU will be drawn out

  • Charts; momentum studies, 5, 10 & 21 DMAs head south - bearish setup

  • 1.3752, 61.8% of the 2021 rise is under pressure, break targets 1.3637 76.4%

  • This week's 1.3877 high is initial significant resistance

  • NY 1.3740-1.3801 range is initial support-resistance


    For more click on FXBUZ

gbp mar 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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