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Apr 06 - 07:55 AM

GBP/USD - Slides By Nearly A Cent From Two-Week Peak

By Rob Howard  —  Apr 06 - 05:47 AM
  • Cable hits 1.3824 after extending south from 1.3919 (early London high)

  • 1.3919 was the highest level since March 19 (at 0550GMT) nL1N2LZ0D8

  • Drop from 1.3919 influenced by some profit-taking on long positions

  • Seasonality may have influenced the instigation of some of those longs

  • See: nL1N2LT3KJ. 1.3707 was last week's low (March 30)

  • Bids may emerge near 1.3800 (ex-resistance level) if GBP/USD falls further

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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