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

GBP/USD - Probes Above 55-DMA Resistance As Recent Shorts Unwind Pre-NFP

By Paul Spirgel  —  Apr 01 - 01:35 PM
  • GBP/USD firm into NY cls ending +0.3% at 1.3820, Thurs range 1.3836-1.3746

  • USD broadly weak, market lightens longs ahead of NFP Friday, Easter holidays

  • Sterling eyes recent range highs amid NFP, holiday pruning nL1N2LU19R

  • Price remains caught b/w lwr 30-d Bolli at 1.3675 & 21-DMA at 1.3849

  • Bears gain momentum below 1.3674, 50% of 1.3108-1.424 rise & Mar 25's 1.3671

  • EUR/GBP +0.12% at 0.8520 anchored near Thurs trend low 0.8494

  • Sterling continues to dominate as UK-EU COVID outlook diverging in UK favor

GBP Chart: 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
!