"PERU ECONOMY SEEN GROWING 4.5% IN MARCH Y/Y
PERU MINING BAN TO HAVE MODERATE EFFECT ON ECONOMY
PERU CENBANK CHIEF ECONOMIST ADRIAN ARMAS SPEAKS IN CONFERENCE" - BBG
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ESA has since cleared resistance at yesterday’s 5305.25.
GBPUSD traded sharply lower Monday but is recovering from this week’s low. For now, the recent sell-off appears corrective. Price has traded below the 50-day EMA - a concern for bulls - however, MA studies remain in a bull mode position and this highlights a dominant uptrend. A continued recovery would open 1.2899 and 1.3017, Fibonacci retracement points. A move through Monday's 1.2709 low, would signal scope for a deeper retracement.