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Apr 12 - 09:55 PM

GBP/USD - Resilient Again With Solid Support Around 1.3650

By Andrew M Spencer  —  Apr 12 - 08:15 PM

  • Flat after closing up 0.3% - 1.3670 support was again resilient

  • UK retailers report higher spending in March -BRC nL9N2DP00I

  • Expecting another surge of retail in April as UK lock downs ease

  • UK variant of COVID-19 does not cause more severe disease - The Lancet

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

  • 21 day Bollinger bands edge lower - modest negative setup above key support

  • March/April 1.3670 low, 1.3651 lower 21 day Bolli, 1.3637, 76.4% 2021 rise

  • Significant news of a strong USD bounce needed to break 1.3635

    For more click on FXBUZ


gbp apr 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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