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Mar 24 - 08:55 PM

GBP/USD - Fresh Trend Lows And Longs Exit And The USD Firms

By Andrew M Spencer  —  Mar 24 - 07:21 PM
  • Flat after closing off 0.55% amid broad USD strength, as GBP longs squeezed

  • Economy will bounce back as people spend again - BoE's Haldane nL8N2LM76A

  • UK and EU say looking to create "win-win" situation on COVID-19 vaccines

  • UK and EU cooperation a potential platform for other areas nS8N27G023

  • Charts; momentum studies, 5, 10 & 21 DMAs head south - bearish setup

  • Targets a test of initial support at 1.3637 - 76.4% of the 2021 rise

  • 1.3723 lower 21 day Bolli band suggests selling strength not weakness here

  • Close above 1.3779 prior March low needed to undermine downside bias

    For more click on FXBUZ

gbp mar 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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