Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 10 - 09:55 PM

GBP/USD - Fresh Low Friday Opens The Door To 1.2830

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

For more click on FXBUZ


gbp Apr 11 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
!