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May 14 - 01:55 AM

GBP/USD - Poised To Move Higher, Unless The USD Jumps

By Andrew M Spencer  —  May 13 - 11:35 PM

  • -0.05% in a 1.4037-1.4052 range - low key end to the Asian week

  • British and Irish prime ministers to meet on Friday nL8N2N04QX

  • Solution to Northern Ireland Brexit issues would very good news

  • Healthy pause for sterling before the next leg higher nL1N2N100I

  • Charts; Wednesday's dip leaves 5, 10 & 21 DMAs, 21 day Bolli's climbing

  • Positive setup - 1.4121 upper 21 day Bolli says cable no longer overbought

  • 1.4061 NY high then 1.4076 Asian high on Thursday are first resistance,

  • Thursday's London 1.4008 low and 1.3998 rising 10 DMA are initial supports

For more click on FXBUZ


gbp 3 may 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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