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Dec 12 - 11:55 PM

GBP/USD - Eases Ahead Of The Monthly UK Economic Snapshot

By Andrew M Spencer  —  Dec 12 - 09:50 PM
  • Off 0.05% at the base of a busy 1.2663-1.2678 range on FX Matching

  • UK consumer confidence touched 4-month high in December, GfK survey shows

  • British consumers appear to be more optimistic than business post-budget

  • Busy UK data schedule today led by GDP - see the chart for RTRS polls

  • Charts - daily momentum studies crest/fall, 21-day Bollinger bands flat line

  • 5, 10 & 21-DMAs ease - a modest negative daily bias, weeklies head lower

  • The bearish outside day on Thursday needs a close below 1.2667 to confirm

  • Last week's 1.2619 low, then the 1.2475 November trend low initial supports

  • Dec 6 1.2810 recovery top then 1.2839, 0.382% Sep/Nov fall resistance

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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