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Mar 25 - 03:48 AM

GBP/USD - Near A Level Where Bulls And Bears Will Duke It Out

By Ewen Chew  —  Mar 25 - 01:15 AM
  • GBP/USD rises to 1.1818, nearing technical chart turning point

  • Ceiling of Bollinger downtrend channel 1.1847 key to next move

  • Bulls can further advance on Wed exit from bearish path

  • But affirmation of downtrend channel will reverse recent rally

  • Hopes for US stimulus bill high but letdown possible nL1N2BH0HC

  • UK Feb CPI on tap, expected +1.5% y/y from prev 1.6%












Source:
Refinitiv IFR Research/Market Commentary

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