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Apr 17 - 01:55 PM

GBP/USD - Dips Limited As Dollar Lacks Appeal

By Justin McQueen  —  Apr 17 - 12:43 PM

• GBP +0.1%, holds narrow range, respects support at 1.32

• Lack of dollar appeal keeps GBP/USD on the frontfoot

• Price action subdued ahead of Easter holidays

• Resistance: 1.3292 (YTD high), close above would open up 1.3434 (2024 high)

• EUR/GBP pullback resumes, attempts retest of 200-week MA (0.8545)

• Looking ahead - UK flash PMIs, BoE's Huw, Lombardelli due next week
gbpusd hourly chart


(Justin McQueen is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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