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Apr 15 - 01:55 AM

GBP/USD - Targets 1.2368 - Muted Safe-Haven Flow In Asia

By Andrew M Spencer  —  Apr 14 - 11:35 PM
  • +0.1% near the top of a 1.2442-1.2463 range with consistent flow on D3

  • US will not take part in action against Iran, E-mini S&P +0.15%, Brent -0.2%

  • Asian stocks off with Friday's Wall Street dip - muted safe-haven interest

  • Weather caused $6 bln UK home, business property insurance payouts in 2023

  • Payouts will result in rising premiums which will fuel inflation

  • Techs; 5, 10 & 21-day moving averages fall, 21-day Bollinger bands expand

  • Daily momentum studies slip - last week's fall left a bearish outside week

  • Close below resilient 1.2500 support targets 1.2368, 0.618% Oct-March rise

  • The 1.2558 high on Friday and Thursday's 1.2578 top are initial resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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