Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 11 - 09:55 PM

GBP/USD - Heavy - With Good News In Short Supply

By Andrew M Spencer  —  Apr 11 - 07:35 PM

  • Steady after closing little changed - choppy but an inside day

  • GDP missed, with a recession viable as inflation hits consumers nL5N2W90Y3

  • UK retailers see sales slow as cost pressures rise - BRC nS8N2RN03J

  • Data suggests a difficult summer for the UK economy - while COVID continues

  • Charts; mixed momentum studies, 21 day Bollinger bands gently contract

  • 5, 10 & 21 day moving averages ease - net the base still the weak side

  • First support is 1.2995 lower 21 day Bolli band then Friday's 1.2982 base

  • London 1.3057 high then Friday's 1.3088 top are initial resistance

For more click on FXBUZ


gbp Apr 12 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
!