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Mar 26 - 04:55 PM

GBP/USD - Pound's Rebound Gets Rejected By The 55-Day Moving Average

By Randolph Donney  —  Mar 26 - 02:55 PM

  • GBP/USD rebounded to the key 55-DMA at 1.3815 it fell below on Tuesday

  • There was some relief early for cable amid better risk-taking

  • Also after the UK affirmed it had ample vaccine supplies nL1N2LO1S2

  • There was also some relief that Feb UK retail sales rebounded 2.1%

  • The 55-DMA, now at 1.3815, needs to be closed above to improve techs

  • Feb and March EUR/GBP lows may be key to cable's next move

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Refinitiv IFR Research/Market Commentary


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