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Apr 29 - 04:55 PM

GBP/USD - Bulls Emboldened By Breach Of 200-DMA

By Justin Mcqueen  —  Apr 29 - 02:00 PM
  • Cable through its 200-DMA (1.2556) emboldening bulls

  • Daily close sets up potential move to 1.27 (pre-US CPI level)

  • EUR/GBP heavy, but 0.85 likely to put a floor under the cross

  • Slew of U.S. data to drive price action (QRA, Fed, NFP)

  • COMMENT-Sterling's rebound faces key test as Fed, NFP awaits nL1N3H21QC

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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