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Dec 21 - 11:55 PM

GBP/USD - Bid With Risk Appetite, As The USD Slips

By Andrew M Spencer  —  Dec 21 - 10:10 PM

  • +0.3% with the U.S. dollar off 0.25%, and risk appetite buoyant in Asia

  • Trades near the top of a busy 1.2077-1.2123 range on D3

  • UK NHS staff to be offered fast-tracked pay rise - The Telegraph

  • If true, and the offer is accepted by the unions - major step forward

  • Charts; neutral daily momentum studies, 5, 10 & 21 day moving averages crest

  • 21 day Bollinger bands flat line - signals have turned marginally negative

  • Close below 1.2175 21 DMA is bearish for 1.1634 38.2% Sep/Dec bounce

  • Well tested 1.2441, 61.8% of 2022 fall capped - remains pivotal resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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