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Apr 09 - 01:55 AM

GBP/USD - Plenty Of Sterling Interest - Charts Point South

By Andrew M Spencer  —  Apr 08 - 11:49 PM

  • Little changed in a tight 1.3723-1.3750 range with continuous interest

  • EUR/GBP flow dominated cable this week, and Asia saw occasional heavy flow

  • UK to classify travel destinations in May - Green, amber or red nL8N2M15C5

  • So much uncertainty around COVID-19, makes a robust travel system tough

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

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

  • Targets March 1.3671 low, break opens the door to 1.3637, 76.4% 2021 rise

  • This week's 1.3919 high is initial significant resistance

    For more click on FXBUZ


gbp 2 apr 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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