Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 07 - 09:55 PM

GBP/USD - Resilient, But 1.3000 Remains Vulnerable

By Andrew M Spencer  —  Apr 07 - 08:00 PM

  • Steady after closing up just 0.05%, resilient against a firmer U.S. dollar

  • Sterling consolidated in a tight 1.3046-1.3181 for two weeks from March 28

  • Since March 28th GB10YT=RR climbed 10bp to 1.729%, US10YT=RR +18bp 2.6503%

  • Thus though yield differentials have widened, sterling remains resilient

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

  • 21 day Bollinger bands slip - setup suggests the base is the weak side

  • First major support 1.3001 2022 low, then 1.2997 lower 21 day Bolli band

  • Thursday's 1.3108 high then last week's 1.3181 top are key resistance

    For more click on FXBUZ


gbp Apr 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!