Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 10 - 09:55 PM

GBP/USD - Poised Above Major Support As The USD Jumps

By Andrew M Spencer  —  Apr 10 - 08:10 PM
  • Steady early - opened down 1.1% with the USD up 1.05% as UST yields jumped

  • Yield spreads widen on US CPI, 10yr UST +20bp 4.560%, 10yr gilt +12bp 4.151%

  • UK's housing market continues to show signs of recovery - RICS

  • No more UK data so the ECB statement and press conference tone to lead moves

  • Techs; 5, 10 & 21-day moving averages fall as 21-day Bolli bands slide

  • Daily momentum studies dip - Wednesday's fall leaves a bearish setup

  • Sterling is poised above long-term 1.2500 major support- close below bearish

  • 1.2517 2024 low and 1.2501 December 2023 base are under pressure

    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
© 2024 eFXdata · All Rights Reserved
!