A Data Partner of:
Refinitiv
Apr 08 - 09:55 PM

GBP/USD - Modest Bounce, As The USD Eased - Signals Are Bearish

By Andrew Spencer  —  Apr 08 - 07:44 PM

• Trades up 0.15% after closing up 0.3% with the U.S. dollar off 0.5%

• UK fin min Reeves to hold tariff crisis talks with top executives - Sky News

• Universal Studios to open its first European theme park near London

• Charts - 5, 10, & 21-day moving averages fall, 21-day Bolli bands expand

• Daily momentum studies fall - signals remain bearish after Monday's slide

• Sustained 1.2812 200-day moving average break adds to the downside bias

• 1.2653 0.5% of the 2025 rise, then 1.2560 Feb range low are first support

• 1.2812 200-day moving average, then Monday's 1.2932 top are first resistance
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

eFX Plus

FX Orders Data Since 2014

  • Institutional Derived FX Orders
  • 5 Dedicated Technical Traders
  • Trade of the Week
  • Quant Models
  • Currency & Commodity Forecasts
  • Machine Readable Insights
  • Data Previews
  • A data parter of  LSEG

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2025 eFXdata · All Rights Reserved
!