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Apr 06 - 02:55 AM

GBP/USD - Peers Over Edge Of Steep Drop Rimmed By 1.3000

By Ewen Chew  —  Apr 06 - 12:55 AM
  • GBP/USD peers over 1.3061 edge of a bearish technical chute

  • Wed close below engages Bollinger downtrend channel

  • That will motivate long-trimming, lead to test 1.3000 barrier

  • Potential break of psych barrier will open new lower range

  • Downside risks amplify as new Russia sanctions loom nL5N2W35OM

  • Further strain on energy supplies, inflation will follow

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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