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Apr 30 - 01:55 AM

GBP/USD - Fleeting Morning Gains, But 1.4000 Test Beckons

By Andrew M Spencer  —  Apr 29 - 11:47 PM

  • Flat in a 1.3941 - 1.3958 range with plenty of interest during the morning

  • GBP 671 mln 1.3900 and 560 mln 1.4000 strikes define today's broad range

  • Techs; momentum studies, 5, 10 & 21 daily moving averages climb

  • 21 day Bollinger bands head higher - a positive trending setup

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

  • 1.3850 21 DMA and 1.3799 61.8% April bounce are key supports

  • London 1.3932 low and NY 1.3965 high remain initial support, resistance

For more click on FXBUZ


gbp 2 apr 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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