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Apr 13 - 01:55 AM

GBP/USD - Resilient To The Firmer USD Into A Slew Of UK Data

By Andrew M Spencer  —  Apr 12 - 11:44 PM
  • Touch softer, resilient to a firmer USD, as Asian stocks/risk moved higher

  • Traded in a 1.3730 - 1.3755 range - busy once Asia fully opened

  • Sterling resilience provides value below 1.3700 nL1N2M601T

  • Slew of UK data led by GDP, IP and construction will be key in London

  • Charts; daily momentum studies, 5, 10 & 21 daily moving averages slip south

  • 21 day Bollinger bands edge lower - modest negative setup above key support

  • March/April 1.3670 low, 1.3651 lower 21 day Bolli, 1.3637, 76.4% 2021 rise

  • Significant news or a strong USD bounce needed to break 1.3635

For more click on FXBUZ


gbp 2 apr 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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