GBP / USD – No News Good News For Sterling After German, US Data Misses

GBP / USD ending NorAm + 0.67% at 1.3910, Monday range 1.3931-1.3803

Volumes light owing to Bank Holiday, GBP strength  outstrips other majors Holiday protects sterling as weak German Mfg PMI & US data hit USD, EUR

GBP bulls working overtime, break 10-DMA resistance by 1.3901

Bulls eye res 1.3937, 76.4% of 1.3979-1.3803, then upper 30-d Bolli 1.3989 

Tues cloud twist 1.3896-81 attracts, gains tempered by BOE, NFP Thurs / Fri

More firm support at 1.3827, GBP’s 30-DMA;  below eyes Iwr 30-d Boll 1.3659

EUR / GBP slips 0.4% to 0.8669, Mon range 0.8709-0.8666;  EUR soft after German Mfg PMI miss

Source: https://plus.efxdata.com/news/insights

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