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Apr 06 - 09:55 PM

GBP/USD - Edges Towards 1.3000, As The Firmer USD Weighs

By Andrew M Spencer  —  Apr 06 - 07:45 PM

  • Steady early after closing little changed after a choppy session

  • Broad U.S. dollar strength and hawkish Fed expectations continue to weigh

  • UK plans nuclear power, offshore wind to boost energy independence

  • Energy security makes sense, nuclear option controversial nL5N2W44UQ

  • Charts; momentum studies conflict - 5, 10 & 21 day moving averages slide

  • 21 day Bollinger bands ease - setup suggests downside is the weak one

  • First major support 1.3001 2022 low, then 1.2997 lower 21 day Bolli band

  • 1.3107 London high then last week's 1.3181 high are key resistance

    For more click on FXBUZ


gbp Apr 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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