By Robert Fullem — Apr 21 - 02:12 PM
(Adjust decimal in supports)
• GBP/USD pares gain after nearing its 2024 high of 1.3434
• Session range is 1.3266-1.3421; volumes thinned by Easter Monday
• Ten-day advance sends pair into overbought zone on 14-day RSI
• Settles below upper Bollinger though momentum, MAs supports bull trend
• May see brief DXY rebound after gap down on Monday
• Week ahead includes PMIs, BOE speakers featuring Gov. Bailey
• Supp: 1.3281 5-DMA ; 1.3262 Apr 18 low; 1.3207 Apr 3 high
• Resist: 1.3434 2024 high; 1.3640 Feb 14 2022 high
GBP
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters