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Derived real-time data in partnership with:
Thomson Reuters
Apr 25 - 09:48 PM
GBP/USD - Charts Suggest 1.2775/80 - Brexit Off The Radar
First appeared on eFXplus on Apr 25 - 08:05 PM
  • Flat after closing little changed in a quiet period for data and news
  • Neutral momentum studies, 5, 10 & 21 DMAs trend south - bearish setup
  • Sustained break of the 1.2963 200 DMA adds to the negative bias
  • Next stop is 1.2773/80, February low and 61.8% of the 2019 rise
  • Pivotal resistance at 1.3025/31, TL from the March high and 21 DMA
  • London 1.2866 low and NY 1.2914 high initial support/resistance

gbp apr 26 Click here

Source:
Thomson Reuters IFR Markets

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