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Mar 27 - 09:55 PM

GBP/USD - Softer, As Broad Sentiment And The USD Lead

By Andrew M Spencer  —  Mar 27 - 07:40 PM

  • Off 0.1%, after closing -0.05% on Friday as choppy consolidation extended

  • No market moving UK news at the weekend - Ukraine conflict leads sentiment

  • UK says Russian sanctions could be lifted on Ukraine withdrawal nL2N2VT0JN

  • Russia-Ukraine conflict extends peace, talks resume March 28-30 nL2N2VU00S

  • Charts; momentum studies - 5, 10 & 21 daily moving averages conflict

  • 21 day Bollinger bands contract - mixed signals favour range trading

  • 1.3000 March and 2022 low, 1.3322 50% of Feb-Mar fall range parameters

  • London 1.3160 low and NY 1.3222 high are initial support and resistance

For more click on FXBUZ


gbp Mar 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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