By Andrew M Spencer — Apr 10 - 08:05 PM
Touch firmer early after closing down 0.3%, as higher yields supported USD
UK and France reach truce over fishing licence dispute - FT nL3N2W807V
Compromise on fishing could flag potential progress on N. Ireland protocol
Charts; momentum studies conflict - 5, 10 & 21 day moving averages ease
21 day Bollinger bands flat line - setup suggests the base is the weak side
First support is 1.29991 lower 21 day Bolli band then Friday's 1.2982 base
Friday's 1.3088 high then last week's 1.3167 top are initial resistance
Longer term target is a test of 1.2831, 50% of the 2020-2021 rise
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gbp Apr 11 Click here
Source:
Refinitiv IFR Research/Market Commentary