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Mar 16 - 01:55 AM

GBP/USD - Sterling Under Pressure Despite Little News

By Andrew M Spencer  —  Mar 15 - 10:58 PM
  • -0.25%, at the base of a 1.3867 - 1.3903 range with moderate interest

  • Little news, EUR/GBP +0.2% - GBP weakness in Asia flow not news driven

  • No UK data today, so USD and EUR will likely lead intraday sterling moves

  • Charts; momentum studies, 5, 10 & 21 DMAs flat line - neutral setup

  • 1.4010, 50% February-March fall capped on Friday, remains key resistance

  • 1.3783 lower 21 day Bollinger band and 1.3779 March low first major support

  • 1.3780-1.4000 range looks set to hold until game changing news nL1N2LE00U

For more click on FXBUZ


gbp 2 mar 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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