GBP/SGD Likely to Stay Under Pressure, Charts Show -- Market Talk

Dow Jones

Apr 23, 2024

0648 GMT - GBP/SGD will likely remain under pressure, based on charts, UOB Global Economics & Markets Research says in a report. Over the past few sessions, the currency pair has broken below the bottom of the daily Ichimoku cloud, while the 21-day exponential moving average has crossed below the 55-day EMA, markets strategist Quek Ser Leang notes. Also, the weekly moving average convergence divergence indicator has crossed into negative territory, which suggests GBP/SGD will probably stay under pressure, at least for the next one to two months, the strategist says. Support levels to watch are the early January low of 1.6720 and the weekly Ichimoku cloud's bottom, which is at 1.6625, the strategist adds. GBP/SGD is little changed at 1.6823. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 23, 2024 02:48 ET (06:48 GMT)

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Over the past few sessions, the currency pair has broken below the bottom of the daily Ichimoku cloud, while the 21-day exponential moving average has crossed below the 55-day EMA, markets strategist Quek Ser Leang notes. Also, the weekly moving average convergence divergence indicator has crossed into negative territory, which suggests GBP/SGD will probably stay under pressure, at least for the next one to two months, the strategist says. Support levels to watch are the early January low of 1.6720 and the weekly Ichimoku cloud's bottom, which is at 1.6625, the strategist adds. GBP/SGD is little changed at 1.6823. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 23, 2024 02:48 ET (06:48 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GBP/SGD Likely to Stay Under Pressure, Charts Show -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGBP/SGD Likely to Stay Under Pressure, Charts Show -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-23 14:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0648 GMT - GBP/SGD will likely remain under pressure, based on charts, UOB Global Economics &amp; Markets Research says in a report. Over the past few sessions, the currency pair has broken below the bottom of the daily Ichimoku cloud, while the 21-day exponential moving average has crossed below the 55-day EMA, markets strategist Quek Ser Leang notes. Also, the weekly moving average convergence divergence indicator has crossed into negative territory, which suggests GBP/SGD will probably stay under pressure, at least for the next one to two months, the strategist says. Support levels to watch are the early January low of 1.6720 and the weekly Ichimoku cloud's bottom, which is at 1.6625, the strategist adds. GBP/SGD is little changed at 1.6823. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 23, 2024 02:48 ET (06:48 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4024","symbol_name":"房地产开发","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429015615","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429015615","pubTimestamp":1713854880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0648 GMT - GBP/SGD will likely remain under pressure, based on charts, UOB Global Economics & Markets Research says in a report. Over the past few sessions, the currency pair has broken below the bottom of the daily Ichimoku cloud, while the 21-day exponential moving average has crossed below the 55-day EMA, markets strategist Quek Ser Leang notes. Also, the weekly moving average convergence divergence indicator has crossed into negative territory, which suggests GBP/SGD will probably stay under pressure, at least for the next one to two months, the strategist says. Support levels to watch are the early January low of 1.6720 and the weekly Ichimoku cloud's bottom, which is at 1.6625, the strategist adds. GBP/SGD is little changed at 1.6823. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4024":"房地产开发","SGD":"SAFE & GREEN DEVELOPMENT CORP"},"translate_title":"图表显示，英镑/新加坡元可能继续承压——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBPSGD.FOREX":1,"SGD":1},"content_text":"0648 GMT - GBP/SGD will likely remain under pressure, based on charts, UOB Global Economics & Markets Research says in a report. Over the past few sessions, the currency pair has broken below the bottom of the daily Ichimoku cloud, while the 21-day exponential moving average has crossed below the 55-day EMA, markets strategist Quek Ser Leang notes. Also, the weekly moving average convergence divergence indicator has crossed into negative territory, which suggests GBP/SGD will probably stay under pressure, at least for the next one to two months, the strategist says. Support levels to watch are the early January low of 1.6720 and the weekly Ichimoku cloud's bottom, which is at 1.6625, the strategist adds. GBP/SGD is little changed at 1.6823. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 23, 2024 02:48 ET (06:48 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}