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May 23 - 09:55 PM

GBP/USD - Key Support In View, But The Outlook Remains Positive

By Andrew M Spencer  —  May 23 - 08:17 PM

  • -0.1%, extending Friday's 0.2% loss, amid broad based USD strength

  • USD is in the driving seat, causing choppy consolidation last week

  • UK to fully digital border to provide accurate immigration data nL2N2NA04X

  • UK employers call for an economic transformation after COVID-19 nL5N2N90CO

  • Charts; 5, 10 & 21 daily moving averages climb, 21 day Bolli's head higher

  • Positive setup targets a successful test of the 1.4240 2021 high

  • Close below 1.4127 well tested rising 10 DMA would undermine topside bias

  • 1.4127 21 DMA and earlier 1.4157 Asia high initial support and resistance


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gbp may 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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