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Apr 19 - 08:55 PM

GBP/USD - Continues To Outperform As USD Falls

By John Noonan  —  Apr 19 - 07:02 PM
  • The GBP/USD opens 1.0% higher and led the USD lower on Monday nL1N2MC1VQ

  • GBP was best performing major currency for second straight trading day nL1N2MC0IA

  • Move higher Monday technically helped by bullish outside day Friday

  • GBP/USD trending higher as 5, 10 and 21-day MAs in bullish alignment

  • Resistance and sellers between 1.4000/10 where daily highs are found

  • Fibo resistance comes in at the 61.8 of 1.4240/1.3669 move at 1.4022

  • Support comes in at the 55-day MA at 1.3860

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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