Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 21 - 01:55 AM

GBP/USD - Soft With 1.4000 Resilient, But Charts Point Higher

By Andrew M Spencer  —  Apr 20 - 11:43 PM

  • -0.05%, low end of a 1.3928 - 1.3949 range - occasional flurries of interest

  • UK inflation data will be initial event risk in London, see chart for polls

  • UK households suffer bigger income hit than Germany and France nL8N2MD2M7

  • Charts; momentum studies, 5, 10 & 21 daily moving averages head north

  • 21 day Bollinger bands expand, which is a positive trending setup

  • Strong resistance above 1.4000 - range top in Feb, March - 61.8% 2021 fall

  • 1.4025 break would open the door to 1.4105, 76.4% 2021 fall

  • Prior 1.3919 April high is initial significant support

    For more click on FXBUZ


ukdata apr 21 Click here

gbp 2 apr 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!