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Apr 14 - 01:55 AM

GBP/USD - Bid In A Busy Session, With The Soft USD Supporting

By Andrew M Spencer  —  Apr 13 - 11:37 PM
  • +0.1% with the USD softer in a 1.3752-1.3771 range with plenty of interest

  • UK trial on mixing COVID-19 vaccines adds Moderna and Novavax nL8N2M6545

  • UK continues to lead the way in Europe on managing the vaccine rollout

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

  • 21 day Bollinger bands slide - neutral setup, as the range dominates

  • 1.3670 March/April low, 1.3647 lower 21 day Bolli, 1.3637, 76.4% 2021 rise

  • Strong support around 1.3650 - major news or USD surge needed to break

  • 1.3919 April high range top - 1.3783 10 DMA is initial resistance

For more click on FXBUZ


gbp 2 apr 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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