Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 05 - 01:55 AM

GBP/USD - Downtrend Remains In Play Into Lockdown Easing Plan

By Andrew M Spencer  —  Jul 05 - 12:00 AM

  • -0.1% in a 1.3815-1.3833 range - plenty of interest, once Asia fully opened

  • Bank of America tells UK staff to have vaccine before they return- Telegraph

  • Johnson to set out plan for final lockdown easing on Monday nL2N2OG0DS

  • Charts; despite Friday's bounce, 5, 10 & 21 DMAs, 21 day Bolli bands slide

  • Strong bearish trending setup targets 1.3669 double bottom in March, April

  • 1.3756, 61.8% 2021 rise proved resilient on the close - still major support

  • 10 DMA capped repeatedly, and is pivotal resistance, currently at 1.3867

  • Close above 1.3867 would suggest choppy consolidation this week

For more click on FXBUZ


gbp jul 5 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!