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Mar 23 - 12:12 AM

GBP/USD - Choppy, As US Delays Stimulus, Coronavirus Dominates

By Andrew M Spencer  —  Mar 22 - 11:05 PM
  • -0.2% after will they won't they on the US stimulus package, expected Monday

  • Moderate volumes with little liquidity early, and risk under pressure

  • UK scientists to track mutations in coronavirus to map spread nL8N2BF11A

  • Coronavirus and potential impact on the global economy dominates sentiment

  • Charts; 5, 10 & 21 daily weekly and monthly MAs trend south - negative setup

  • Sterling found support below 1.1500 last week, easing over sold signals

  • USD remains a significant factor, and continues to trend higher

  • Asian 1.1536-1.1740 range is initial support-resistance

gbp 2 mar 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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