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Apr 18 - 09:55 PM

GBP/USD - Bounce Short Lived, With The 1.2973 Base In View

By Andrew M Spencer  —  Apr 18 - 07:40 PM

  • -0.05% after falling 0.35% Monday on broad USD strength in illiquid markets

  • British executives expect high inflation to squeeze profits nL5N2WC4UH

  • UK employers offer average 2.8% pay rise to staff - survey nL5N2WC3Z9

  • British employees set to experience falling living standards in 2022

  • Charts, momentum studies, 5, 10 & 21 day moving averages conflict

  • 21 day Bollinger bands edge lower - mixed signals - modest downside bias

  • Last week's 1.2973 2022 low and 1.2963 lower 21 day Bolli band first support

  • NY 1.3041 high then last week's 1.3147 top are initial resistance

For more click on FXBUZ


gbp Apr 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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