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Apr 01 - 01:55 AM

GBP/USD - Firmer USD, Soft Jobs And Energy Squeeze Weigh

By Andrew M Spencer  —  Mar 31 - 11:25 PM

  • -0.1% at base of a 1.3132-1.3148 range with bid USD, and moderate interest

  • UK's surging jobs markets shows signs of stabilisation nL5N2VY2T8

  • Cooling jobs growth may indicate the economic recovery could plateau

  • Soaring energy costs to hit broad household spending nL5N2VY66T

  • Charts; positive momentum studies - 5, 10 & 21 DMAs edge gently lower

  • 21 day Bollinger bands contract - modest net negative signals

  • First major support is 1.3010 lower 21 day Bolli band, then 1.3000 2022 low

  • 1.3176 NY high, then this week's 1.3181 high are initial resistance

For more click on FXBUZ


gbp 2 Apr 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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