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Refinitiv
Mar 28 - 08:55 PM

GBP/USD - Soft, But A Potential Base In Place Around 1.3675

By Andrew M Spencer  —  Mar 28 - 07:52 PM
  • -0.05% early after closing up 0.5%, as the USD eased against risk currencies

  • Biden suggested to Johnson a plan to rival China's Belt & Road nL1N2LO2NZ

  • Cooperation between Europe & U.S. on various issues would be risk positive

  • UK on track for second vaccine doses despite supply concerns nL1N2LQ04O

  • Charts; despite bounce, 5, 10 & 21 DMAs head south - bearish setup

  • Targets significant support at 1.3637 - 76.4% of the 2021 rise

  • Close above 1.3779 prior March low undermines the downside bias

  • Another firm close will leave a strong base at the 1.3675 March base

For more click on FXBUZ


gbp mar 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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