Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 20 - 09:55 PM

GBP/USD - Bounce And Positive Setup Leaves 2021 High Vulnerable

By Andrew M Spencer  —  May 20 - 07:37 PM

  • Steady after closing up 0.5%, as the USD retreated with inflation fears

  • UK daily COVID cases highest in a month, Indian variant jumps nL5N2N75QD

  • Control of the coronavirus key to a successful reopening of the economy

  • UK consumers regain pre-COVID confidence level - GfK nL5N2N740V

  • Charts; 5, 10 & 21 daily moving averages climb, 21 day Bolli's head higher

  • Positive setup targets a successful test of the 1.4240 2021 high

  • Close below 1.4128 well tested rising 10 DMA would undermine topside bias


    For more click on FXBUZ
























gbp may 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!