Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 03 - 01:55 AM

GBP/USD - 1.3800 Support Remains Resilient, Focus On The USD

By Andrew M Spencer  —  May 02 - 11:40 PM

  • Flat in a 1.3815 - 1.3835 range with only occasional flurries of interest

  • BP seeking to build more wind farms off Scotland nL1N2MP0J7

  • Techs; momentum studies crest, 5, 10 & 21 daily moving averages conflict

  • The positive trending setup has evaporated - signals are now neutral

  • Resistance above 1.4000 - range top in Feb/March - 61.8% 2021 fall, caps

  • 1.3799 61.8% April bounce held on Friday - now key support

  • Break would target 1.3681 lower 21 day Bolli and 1.3669 March/April low

  • Sterling bulls squeezed - Bank of England pivotal


For more click on FXBUZ


gbp 2 may 3 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
© 2021 eFXdata · All Rights Reserved
!