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Apr 07 - 01:55 AM

GBP/USD - Muted Response To Tuesday's Volatility

By Andrew M Spencer  —  Apr 06 - 11:42 PM

  • Flat in a tight 1.3821-1.3838 range with only occasional interest

  • Sterling selloff on Tuesday - interesting to see how London responds

  • New UK regulator to curb big tech's power over news publishers nL8N2LZ4WD

  • 33% of COVID survivors suffer neurological or mental disorders nL8N2LZ29G

  • If true, could provide a real problem for UK, after massive 2020 infections

  • Charts; Tuesday's dip reset signals from briefly positive to neutral

  • Daily momentum studies flat line, 5, 10 & 21 DMAs conflict

  • Key levels are 1.3671 March low and 1.3955, 50% of the 2021 fall

  • NY 1.3802-1.3866 range is initial support resistance


    For more click on FXBUZ


gbp 2 apr 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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