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Apr 11 - 08:55 PM

GBP/USD - Double Bottom At 1.3670 Looks Vulnerable

By Andrew M Spencer  —  Apr 11 - 07:48 PM

  • Flat after falling 0.2% on Friday, amid broad UST led USD strength

  • EU, UK work on implementing trade rules for N Ireland - FT nFWN2M402W

  • UK nears 40 million first and second vaccine doses nL9N2KM00L

  • Fast vaccine rollout should fuel a vigorous economic rebound

  • Charts; daily momentum studies, 5, 10 & 21 DMAs edge lower

  • 21 day Bollinger bands track south - significant signals are bearish

  • March 1.3671 low tested Friday, break targets 1.3637, 76.4% 2021 rise

  • Friday's 1.3744 New York high is initial resistance

For more click on FXBUZ


gbp apr 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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