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Apr 22 - 10:55 PM

GBP/USD - Positive Vaccine News - 1.3800 Is Pivotal Support

By Andrew M Spencer  —  Apr 22 - 09:07 PM

  • Flat, closed -0.6% as positions trimmed into retail sales & PMI's Friday

  • UK consumer sentiment at 13-month high - missed forecasts: GfK nL8N2MF4J2

  • UK vaccination studies find major drop in COVID-19 infections nL8N2MF3DR

  • Findings are very promising for COVID-19 control - vaccines are working

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

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

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

  • 1.3814 21 DMA and 1.3799 61.8% April bounce pivotal support

    For more click on FXBUZ


gbp apr 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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