Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 17 - 01:55 AM

GBP/USD - Uptrend Stalled, As The USD Firms - Close Key

By Andrew M Spencer  —  Apr 16 - 11:45 PM
  • -0.1%, in the middle of an occasionally busy 1.2385 - 1.2415 D3 range

  • The U.S. dollar edged 0.1% higher in a low key start for markets in Asia

  • No significant UK data today, so U.S. dollar, risk appetite to lead sterling

  • Charts; positive momentum studies and 5, 10 & 21 day moving averages

  • 21 day Bollinger bands contract - uptrend stalled but remains valid

  • Close below the 1.2371 rising 21 DMA would end the topside bias

  • 1.2371 21 DMA and early Asia 1.2415 high initial support and resistance

  • Close will be pivotal for sterling's current uptrend

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!