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Apr 10 - 01:55 AM

GBP/USD - Sustains Tuesday's Gain Ahead Of Key US CPI

By Andrew M Spencer  —  Apr 09 - 11:40 PM
  • Steady after trading in a tight but active 1.2671-1.2678 range on D3

  • Holidays in Asia, led by Singapore capped interest ahead of US CPI

  • There is no UK data so the U.S. dollar and risk appetite to lead sterling

  • FCA survey shows 72% of adults are coping well, up from 64% in January 2023

  • Techs; 5, 10 & 21-day moving averages conflict as momentum studies climb

  • 21-day Bolli bands contract - the daily signals remain neutral

  • Tuesday's 1.2649 early London low and Friday's 1.2574 US base support

  • 1.2709 NY high and 1.2718, 50% of the March/April fall are first resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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