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Apr 20 - 09:55 PM

GBP/USD - Key Resistance Above 1.4000 Caps - Charts Point Higher

By Andrew M Spencer  —  Apr 20 - 08:04 PM

  • Flat after closing off 0.35% on the firmer USD and profit taking

  • UK households suffer bigger income hit than Germany and France nL8N2MD2M7

  • English teams quit highly controversial Super League project nL1N2MD30Y

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

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

  • Strong resistance above 1.4000 - range top in Feb, March - 61.8% 2021 fall

  • Prior 1.3919 April high is initial significant support

  • 1.3926 - 1.3973 NY range is first support, resistance

For more click on FXBUZ


gbp apr 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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