GBP/USD – UK Reopening Uncertainties Keep Sterling Anchored By 21-Day Avg

GBPUSD remains locked in the 1.41 / 1.42 range due to COVID and Brexit uncertainty GBP tests the 21-day period in its support role. Consolidation between 10/21 DMA 1.4146-62, Jun 14 Cloud Twist at 1.3957-14 – attracts attention. > Market Profile : The reasonable range on the futures market is as follows: support (buy orders) at levels 1.4135, resistance (sell orders) at 1.4167 – which very accurately describes the range of 10/21 DMA. A break of 1.4135 will be followed by value migration and a weak pound to the single print zone near 1.41. Conversely, a successful buy order at 1.4167 will accumulate sufficient momentum to move to 1.42. In both cases, a break of key round levels will launch…

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