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Apr 02 - 01:55 PM

GBP/USD - Slide Post-NFP Beat Tempered By Light Holiday Liquidity

By Paul Spirgel  —  Apr 02 - 11:58 AM
  • GBP/USD ending NorAm near flat at 1.3822, NorAm range 1.3840-15

  • US NFP beat lifts USD nL1N2LU2L8, weak earnings may inhibit inflation

  • Holiday liquidity keeps pair rangebound FXHEAT

  • Resistance at 21-DMA 1.3846, Apr 1 high 1.3853, then 30-DMA 1.3892

  • Support 1.3815 Fri low, daily cloud base, then 1.3671 Mar 25 low

  • EUR/GBP dips 0.08% ends NY 0.8505, Fri range 0.8517-03

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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