GBP
Next 1-3 weeks: “There is not much to add to the update from yesterday (13 Apr, spot at 1.2460). As highlighted, the bias is for further GBP strength towards 1.2550. While GBP subsequently rose to 1.2536 and closed on a firm note at 1.2504 (+0.28%), upward momentum still appears to be lackluster. That said, after yesterday’s price action, a move above 1.2550 would not be surprising but from here, the prospect for a sustained rise above 1.2600 is not high. Meanwhile, the ‘strong support’ level has moved higher to 1.2390 from 1.2350. Only a breach of 1.2390 would indicate the current mild upward pressure has eased.”
Next 1-3 weeks: “There is not much to add to the update from yesterday (13 Apr, spot at 1.2460). As highlighted, the bias is for further GBP strength towards 1.2550. While GBP subsequently rose to 1.2536 and closed on a firm note at 1.2504 (+0.28%), upward momentum still appears to be lackluster. That said, after yesterday’s price action, a move above 1.2550 would not be surprising but from here, the prospect for a sustained rise above 1.2600 is not high. Meanwhile, the ‘strong support’ level has moved higher to 1.2390 from 1.2350. Only a breach of 1.2390 would indicate the current mild upward pressure has eased.”
Allergic to bullshitters, never argue with fools