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Apr 12 - 01:55 AM

GBP/USD - On Hold Into A Raft Of Data - Bernanke Reforms

By Andrew M Spencer  —  Apr 11 - 11:25 PM
  • Unchanged after trading in a tight but occasionally busy 1.2550-1.2558 range

  • UK's monthly data dump led by industrial production and trade figures

  • The data will provide the BoE with a snapshot of the UK's economic health

  • Former Fed chief Bernanke to announce the new Bank of England reforms

  • Techs; 5, 10 & 21-day moving averages fall with 21-day Bollinger bands

  • Daily momentum studies slip - Wednesday's fall left a bearish daily setup

  • GBP poised above long-term 1.2500 support- close below bearish for next week

  • 1.2578 New York high and this week's 1.2709 top are initial resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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