By Andrew M Spencer — Apr 20 - 07:45 PM
Touch firmer after closing up 0.5% amid broad based long USD profit taking
Despite controversies PM Johnson set on fighting next election nL2N2WI2GZ
Will be interesting to see how the polls react to Johnson's performance
Charts, positive momentum studies, 5, 10 & 21 day moving averages edge lower
21 day Bollinger bands contract - modest negative bias survives
Close above 1.3083 21 day moving average would be a bullish signal
Wednesday's Asian 1.2995 low and last week's 1.2973 2022 low first supports
1.3167-1.3174 is major resistance, April high and 61.8% March-April fall
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gbp Apr 21 Click here
Source:
Refinitiv IFR Research/Market Commentary