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Apr 06 - 01:55 AM

GBP/USD - Resilient To USD Strength, But 1.3000 Beckons

By Andrew M Spencer  —  Apr 05 - 11:50 PM

  • Steady in a 1.3058-1.3080 range with only sporadic interest on D3

  • UST yields, U.S. dollar hit fresh highs on hawkish Fed nL2N2W3162

  • Battle against COVID in the UK remains a major issue nL5N2W34GK

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

  • 21 day Bollinger bands expand - setup suggests a modest downside bias

  • First major support is 1.3003 lower 21 day Bolli band, then 1.3001 2022 low

  • Last week's 1.3181 high, then 1.3251 upper 21 day Bolli band key resistance

For more click on FXBUZ


GBP 2 Apr 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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