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Apr 26 - 09:55 PM

GBP/USD - Boris Under Pressure - Sterling Bid For 1.4000

By Andrew M Spencer  —  Apr 26 - 07:41 PM

  • -0.05% after closing +0.2% - consolidates after failing above 1.4000

  • PM Johnson under a barrage of criticism in the press nL8N2MJ15Y

  • Charts; momentum studies, 10 & 21 daily moving averages head higher

  • 21 day Bollinger bands climb, which is a positive trending setup

  • Targets resistance above 1.4000 - range top in Feb/March - 61.8% 2021 fall

  • 1.3827 21 DMA and 1.3799 61.8% April bounce pivotal support

  • NY 1.3867 low and London 1.3929 high initial support and resistance


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gbp apr 27 Click here

Source:
Refinitiv IFR Research/Market Commentary

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