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Mar 18 - 08:55 PM

GBP/USD - March Range Survived Fed And BoE - No Trend In Sight

By Andrew M Spencer  —  Mar 18 - 07:17 PM
  • Flat after closing off 0.25%, as the firmer USD weighed

  • BoE did not surprise, positive outlook, but mixed longer term nL1N2LG0QF

  • Britain to slow vaccine rollout due to supply shortages nL8N2LG1K4

  • Charts; neutral momentum studies, 5, 10 & 21 DMAs coil - little bias

  • 1.4010, 50% February-March fall capped last Friday, remains key resistance

  • 1.3707 lower 21 day Bollinger band and 1.3779 March low first major support

  • 1.3897 NY low and early London 1.4001 top initial support, resistance

  • 1.3780-1.4010 range survived Fed and BoE - little sign of a trend

For more click on FXBUZ


gbp mar 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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