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
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gbp Apr 7 Click here
Source:
Refinitiv IFR Research/Market Commentary