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Apr 18 - 11:55 PM

GBP/USD - Risk & USD Led In Asia - 1.3900 Test Beckons

By Andrew M Spencer  —  Apr 18 - 11:28 PM

  • -0.1%, at the top of a 1.3810 - 1.3834 range - busy early then quiet

  • E-mini S&P/risk led - traded -0.4% early, recovered to -0.15%, USD followed

  • Asking prices for UK houses hit new high after tax cut extended nL8N2M86JC

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

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

  • Strong support around 1.3670 - 1.3670 Mar/Apr low, 1.3671 lower 21 day Bolli

  • 1.3670-1.3919 range dominates since March - solid base suggests topside test

  • Asian 1.3810 low and Friday's NY 1.3849 high initial support resistance

    For more click on FXBUZ


gbp 2 apr 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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