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Apr 28 - 08:55 PM

GBP/USD - Fresh High, As Charts Call For Another 1.4000 Test

By Andrew M Spencer  —  Apr 28 - 07:22 PM

  • +0.1% early, fresh weekly high, after closing +0.25%, led by the softer USD

  • Britons don't plan to spend all their lockdown savings - poll nL8N2ML69G

  • UK March car output +47% after 2020 COVID-19 hit- below average nL8N2ML60O

  • Charts; momentum studies, 5, 10 & 21 daily moving averages climb

  • 21 day Bollinger bands head higher - a positive trending setup

  • Targets resistance above 1.4000 - range top in Feb/March - 61.8% 2021 fall

  • 1.3845 21 DMA and 1.3799 61.8% April bounce are key supports

  • Asian 1.3935 low- 1.4009, April high & upper 21 day Bolli support/resistance

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gbp apr 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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