By Andrew M Spencer — Mar 25 - 07:47 PM
+0.1%, closed +0.4%, EUR/GBP -0.75% - EUR hit on vaccine woes nL1N2LN0TT
Sour EU-UK relations suggest EU likely closed for fin services nL8N2LN73A
City is optimistic on attracting more global business, but tough short term
Charts; momentum studies, 5, 10 & 21 DMAs head south - bearish setup
Targets significant support at 1.3637 - 76.4% of the 2021 rise
Close above 1.3779 prior March low needed to undermine downside bias
1.3693 NY low and London 1.3671 early base initial support
1.3755 5 DMA then key prior 1.3779 March low first resistance
For more click on FXBUZ
gbp mar 26 Click here
Source:
Refinitiv IFR Research/Market Commentary